B.— 9

56

against the net proceeds of the realization of German property. The General Liquidation Account with Germany, after giving effect to this amalgamation is as follows : — General Liquidation Account with Germany. Payments in respect of admissions £ s. d. Net proceeds of liquidation of £ s. d. and offers of compensation re German property, rights, and claims under Article 297 .. 21,389 4 7 interests in New Zealand Interest paid on awards of com- credited to Liquidation Acpensation under agreement of count, less withdrawals therelst May, 1925 .. .. 4 6 1 from .. .. .. 266,512 11 9 Balance due by Germany as at German claims under Article 296 30th April, 1925, in respect of admitted by New Zealand Clearing Office transactions Clearing Office during period under Article 296 .. .. 2,495 2 6 Ist May, 1925, to 31st March, New Zealand claims under Article 1928 .. .. .. 2,031 3 1 296 admitted by the German Cash paid by German Clearing Clearing Office during period Office during 1924 .. .. 153 14 9 Ist May, 1925, to 31st March, 1928 .. .. .. 2,607 3 6 Balance in favour of Germany carried down .. .. 242,201 12 11 £268,697 9 7 £268,697 9 7 Balance in favour of Germany brought down .. .. £242,201 12 11 Clearing Office Duties : Progress regarding the Disposal of Claims. 116. The claims received for settlement through the New Zealand Clearing Office to date are as follows : — Claims under Article 290 — Total (a) Claims by New Zealand nationals against German £ s . d. nationals .. . . . . . . 53,034 3 8 (b) Claims by German nationals against New Zealand nationals .. .. .. .. 211,386 16 8 Claims under Article 297 — (c) Claims by New Zealand nationals against the German Government .. .. .. 53,007 16 4 £317,428 16 8 The following tables indicate the progress which has been made to date in connection with the disposal of claims : — (a) Claims Zealand Nationals against German Nationals. £ s. d. £ s. d. 216 claims forwarded to the German Clearing Office through the Central Clearing Office .. .. .. .. .. .. 53, 034 3 8 Claims wholly or partly acknowledged by the German firms and admitted by the German Clearing Office .. .. 22,431 3 5 Claims withdrawn in whole or in part in response to letters of contest forwarded to New Zealand on behalf of the alleged German debtors 27,264 10 2 Claims finally rejected and deemed to be withdrawn .. .. 3,338 10 1 £53,034 3 8 N.B. —(1) In addition to the £22,431 3s. sd. admitted by the German Clearing Office as above, interest thereon as provided in the Treaty of Versailles, amounting to £6,806 15s. 5d., has also been credited to the New Zealand Clearing Office. The amount admitted, less a deduction of 2! per cent., being Clearing Office commission thereon, has been paid by this Office to the New Zealand" claimants. (2) During the period under review claims totalling £571 k 2s. sd. have been withdrawn by the New Zealand Clearing Office. (3) During this period claims totalling £229 19s. 4d. have been admitted to", the New Zealand Clearing Office. (4) It will be noted that the claims lodged under this heading have now been wholly disposed of,