ASSETS NOT SEIZED
GERMAN PROPERTY BRITAIN CREATES TRUST (Bine. Tel. Copyright—United Press Assn.) (British Ofliciill Wireless.) Reed. 9 a.m. RUGBY, Nov. 30. Replying to questions in the House of Commons, the Chancellor of the Exchequer, Sir John Simon, said: “German assets in Britain have not been seized by the Government but, under the Trading with the Enemy Customs Order, 1939, moneys which, but for the outbreak ot 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 pre-war assignment or frustration of contract have 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 to British creditors.
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Bibliographic details
Gisborne Herald, Volume LXVI, Issue 20110, 2 December 1939, Page 10
Word Count
162ASSETS NOT SEIZED Gisborne Herald, Volume LXVI, Issue 20110, 2 December 1939, Page 10
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