GERMAN ASSETS IN BRITAIN
MONEY PAID TO CUSTODIAN (British Official Wireless) (Received December 1, 6.30 p.m.) RUGBY, November 30. Replying to questions in the House of Commons, the Home Secretary (Sir John Simon) said that German assets in Britain had not been seized by the Government, but under the Trading With Enemy Customs Order 1939 moneys which but for the outbreak of the war, would be payable to or for the benefit of enemies, have to be paid to a custodian and certain orders vesting such property have been made. Money paid to the custodian under the order is placed to a special account at the Bank of England. Releases have been made in special cases where a mistake in a pre-war assignment or a frustration of contract has been established, or where Germans resident in Britain who returned to Germany just before the outbreak of war left behind funds for the purpose of discharging personal liabilities [o British creditors.
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Bibliographic details
Southland Times, Issue 23989, 2 December 1939, Page 6
Word Count
160GERMAN ASSETS IN BRITAIN Southland Times, Issue 23989, 2 December 1939, Page 6
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