HC Deb 12 March 1957 vol 566 c164W
Sir I. Fraser

asked the Chancellor of the Exchequer what progress has been made to deal with the Baltic claimants; what is the extent of the claims; and what funds or balances are available in this country which could be used for their satisfaction.

Mr. Birch

Her Majestys' Government are continuing their efforts to persuade the Soviet Government to negotiate a general settlement of all outstanding financial questions, including United Kingdom claims amounting to about £8 million arising from the Soviet annexation of the Baltic States in 1940. Assets of the former Baltic States amounting to about £7.5 million are at present held by, or have been reported to, the Custodian of Enemy Property. At the present time it is not possible to say how these assets will be disposed of.