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Thursday, 29 October 1931


Mr THEODORE - On the 23rd October, the honorable member for EdenMonaro (Mr. Cusack) asked the following questions, upon notice: -

1.   What amount of the war indemnity was allotted to Australia?

2.   What variations in the amount allotted were made by (a) the Dawes Plan; and (6) the Young Plant

3.   How much, if any, of the indemnity has been paid, and on what date or dates?

The answers to the honorable member's questions are as follow: -

1.   £63,000,000.

2. (a) The Dawes Plan did not deal with the matter of the total indemnity, but was limited to considering means whereby Germany could meet her obligations.

(b)   Under the Young Plan, Australia's share of German reparations was an average annuity of. £867,000 for 37 years, but in 1930 an international loan was floated on Germany's behalf, and the proceeds accruing to the British Empire were used to reduce Germany's reparation obligations. Australia's share of the loan was approximately £443,000. The receipt of this sum reduces the amount of the average annuity to Australia to approximately £830,000, " which in payable until 1905.

 







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