HC Deb 01 November 1948 vol 457 cc10-1W
Mr. Platts-Mills

asked the Secretary of State for Foreign Affairs if he is aware that as a result of the recent currency reform in Western Germany, the trade unions in the bizone lost nearly all their funds; and what steps are being taken to reimburse these organisations.

Mr. Mayhew

The funds of trade unions in Western Germany have been converted into Deutschemarks at a rate which has been uniformly applied, with- out discrimination, to the monetary holdings of all sections of the German community. The German authorities have been ordered by Military Government to enact, by the end of this year, legislation which will provide inter alia, compensation for special hardship caused by the currency conversion.