the Chancellor of the Exchequer, Mr. Philip Snowden, stated the position of the Government on the question of liquidation of German private property.
He said he had consulted the British experts of the Young Com. mittee and he was informed that the disposal of the surplus proceeds Jof the. liquidation of German property was fully considered by the expert committee in Paris and that it was the intention of the Brit experts and the experts of all the jereditor Governments that the: [proceeds of the liquidation of the: properties should be retained, accordance with the treaty by the Jereditor Powers concerned, and that part of such proceeds should be repaid to Germany. It was only on this understanding that they agreed to recommend a reduction of the German obligations, as proposed in the Young Plan.' The German! Government were duly informed that} any surplus -that arose would be Jeredited to Germany on account of her reparation debt—British Witeless through Reuter.
Text read from the printed page and cleaned; old type leaves the occasional error.