HC Deb 25 June 1924 vol 175 c456W
Sir F. HALL

asked the Secretary of State for Foreign Affairs whether the Allies now hold £T5,000,000, under the Treaty of Lausanne; whether this sum is in gold; and, if so, whether, considering the premium that could be obtained on the gold at the present time, it is the intention of the Government to sell the same, and thereby increase the amount which would ultimately become payable to those entitled to compensation?

Mr. PONSONBY

The answer to the first two parts of the question is in the affirmative. As regards the third part, the gold will be placed, as soon as the Treaty come into force, at the disposal of the Inter-Allied Assessment Commission which is to deal with compensation, and I have no doubt that the Commission will take early steps to release the gold to the best advantage.