Jasper County Democrat, Volume 23, Number 62, Rensselaer, Jasper County, 30 October 1920 — ENEMY PROPERTY FOR DEBTS [ARTICLE]

ENEMY PROPERTY FOR DEBTS

Britain Renounces Right German Holdings. - Washington, Oct. 29. —-State department officials, discussing Great Brittain’s announcement to the French foreign office that It had renounced the right of confiscation of German property in the United Kingdom, said it was their understanding that any surplus of German seized property over that applied to the German debts would be confiscated by the Britgovernment. ' ‘ It was explained that the British had adopted the “clearing-house system” of disposing of the German seized property under the terms of the treaty’ By this means German seized property In the United Kingdom would be used to offset the cP. Ims of British nationals against Germany, and the remainder applied to war reparations.