HC Deb 18 December 1956 vol 562 cc145-6W
109. Major Patrick Wall

asked the Secretary of State for Foreign Affairs the estimated value of British-owned business and property in Egypt; what arrangements Her Majesty's Government are making for compensation for the confiscation of these assets to be paid; and whence this compensation will be drawn.

Mr. Dodds-Parker

Any estimate of the total value of British assets in Egypt at the present time would be largely guesswork. Her Majesty's Government have put in hand the compilation of an index of British assets and property in Egypt.

according to the official cost-of-living index of the relative year based on a figure of 100 for the first year of the Service, and showing both sets of figures as percentages based on 100 in the first year.

Mr. Turton

The following table gives the desired information:

As regards compensation, I would refer to the Answer which my hon. Friend gave to the hon. Member for Wokingham (Mr. Remnant) on 17th December.

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