How German Assets In Britain Are Treated
LONDON, November 30,
Replying to questions in the House of Commons, the Chancellor (Sir John Simon) said German assets in Britain had not been seized by the Government.
However, under the Trading with the Enemy Customs Order, 1939, moneys which, but for the outbreak of war, would be payable to or for the benefit of enemies, have to be paid to a custodian, and certain orders vesting such property had been made.
Money paid to the custodian under the order, he said, was placed to a special account at the Bank of England.
Releases had been made in special cases, where a mistake in pre-war assignment or frustration of contracts had been established, or where German residents in Britain who returned just before the outbreak of war left behind funds for the purpose of discharging personal liabilities •to British creditors.
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Northern Advocate, 2 December 1939, Page 7
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147How German Assets In Britain Are Treated Northern Advocate, 2 December 1939, Page 7
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