CONFISCATED SHIPS
AMERICA AND GERMANY
COMPENSATION TO BE PAID
Australian Press Association.
LONDON, llth March,
The "Morning Post's" Berlin correspondent says that an American arbitrator has ( given an important decision in connection with the compensation to German firms for ships confiscated by the United States during the war. America is only liable for commercial vessels, so the arbitrator allowed tho claims in respect of the North German Lloyd's Princess Alice and Coblenz, and the Hamburg-Amerika's .Holsatia and Sambia, but rejected the claims in respect of Lloyd's Prinz Eitel Friedrich, tho Kronprinz Wilhelm, and the Locksun, and the Hansa ship Liebenfels, on the ground that they were effective naval units. 'All the other claims are admitted, but the assessment of compensation is most difficult.
The Germans say that they are entitled to 230,000,000 dollars, whereas the American "Naval Board values the confiscated ships at 34,000,000 dollars, but it is anticipated at Berlin that a compromise will be arranged at 100,000,000 dollars.
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https://paperspast.natlib.govt.nz/newspapers/EP19290312.2.67
Bibliographic details
Evening Post, Volume CVII, Issue 58, 12 March 1929, Page 11
Word Count
160CONFISCATED SHIPS Evening Post, Volume CVII, Issue 58, 12 March 1929, Page 11
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