GERMAN PRIVATE PROPERTY
SURPLUS PROCEEDS OF LIQUIDATION RETENTION BY CREDITOR POWERS (British Official Wireless.) (Rec. November 22, 5.5 p.m.) Rugby, November 21. The Chancellor of the Exchequer, Mr. P. Snowden, in the House of Commons to-day stated the position of the Government on the question of the liquidation of German private property. He said he had consulted the British experts of the Young Committee, and he was informed that the disposal of the surplus proceeds of the liquidation of German property was fully considered by the Experts’ Committee in Paris, and that it was the intention of the British experts, and of the experts of all the creditor Governments, that the proceeds of the liquidation of those properties should be retained, in accordance with the treaty, by the creditor Powers concerned, and that no part of such proceeds should be repaid to Germany. It was only on this understanding that they agreed to recommend a reduction of the German obligations as proposed in the Young Plan. The German Government was duly informed that any surplus that arose would be credited to Germany on account of reparation debts.
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Bibliographic details
Dominion, Volume 23, Issue 51, 23 November 1929, Page 11
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187GERMAN PRIVATE PROPERTY Dominion, Volume 23, Issue 51, 23 November 1929, Page 11
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