HC Deb 25 October 1949 vol 468 c134W
104. Colonel Crosthwaite-Eyre

asked the Secretary of State for Foreign Affairs on what basis His Majesty's Government has agreed to £8 million as sufficient compensation for British holders of property in Czechoslovakia as set out in Article 1 of Command No. 7797; and at what rate of exchange this sum has been set against the Czechoslovak crown.

Mr. Mayhew

The sum in question was accepted as global compensation after an examination of the claims against Czechoslovakia registered with His Majesty's Government and after consultation and agreement with the principal organisations representing British claimants. As this sum is fixed in the agreement in sterling, the rate of exchange with the Czechoslovak crown is immaterial.