EX-ENEMY DEBT CLAIMS

Taranaki Daily News, 13 April 1928, Page 12

EX-ENEMY DEBT CLAIMS

WORK. AT CLEARING OFFICE. London, Jan. 10. The work of the Clearing Office respecting ex-enemy debts and claims is gradually drawing to a close. The seventh annual report, now issued, states that in all 424,757 claims (Britis'li and ex-enemy) for £244,669,539 had 'been notified to the. Department. Of these, 279,645 claims had been admitted, 138,973 claims had been withdrawn or rejected, and 6139 claims for £8,855,096 were still outstanding. A total of' £91,605,821 12s had been paid by the Department to British claimants against Germany, Austria, Hungary, and Bulgaria. This amount

The total number of British claims against German nationals or the German Government was 101,554, amounting to £76,208,927, and of these 100,486 claims to the value of £74.551,412 had at Ist October last been finally settled either by admission, rejection, or withdrawal. The German claims notified to the Clearing Office in respect of pre-war debts numbered 265,947 and • amounted to £62,912,816. Of these, 264,160 claims to the value oft’ £60,202,878 had been finally settled either by sion, rejection, or withdrawal, the number of claims admitted 'being. 173,208 for £16,31.0,443. A total of 14,208 claims for £70,321,387 had been lodged by British nationals against the German Government in respect of property, rights, and interests subjected to exceptional war measures in Germany. Of these 12,343 claims amounting to £67.097,495 had 'been disposed of by admission, rejection, or withdrawal. Between 31st March, 1926, and 31st March, 1927, 987 British claims amounting to £1,185,071 for compensation in respect of property, rights, and interests subjected to exceptional war measures were admitted. Of these 887 claims to the amount of £227,062 were disposed of by consent awards, having been settled amicably by negotiation through the Clearing Offices without the necessity of consideration by the Mixed Arbitral Tribunal. At Ist October last there were outstanding 1865 claims for £3,223,892, and of these 176 for £1,239,975 have been referred to the Mixed Arbitral Tribunal.

is made up as follows: £ s d Debts 56,070,870 18 7 Proceeds of liquidation 30,419'577 11 5 Compensation 14,21'5,373 2 0 £91,605,821 12 0