CO129-461 - Governor Sir Stubbs - 1920 [5-7] — Page 111

party to a Treat has no Toureen with a provision the treat.

I

It is possible the for that the furmans

right ©

© Refuse to investifali &ácal with

If ins out Grati.

C refuse to include the amounted thereof in the month payments which they are Suffired to make.

& Refuse is admit the Telit Oss the amb : Puch claims against German assets.

As regards the lobs - Whink titel: Shantejo - as they are bound by the Quic of C-41919 - See Aut 1 (171),

Mr...

Wt. fuitte. 1/6/20

I discussed this with you, and we agreed that

the opinion expressed by Mr. Chetham Strode was very

difficult of acceptance for the following reasons:-

1. No argument can be drawn from paragraphs

11 14 of the Annex to Article 296 of the Peace Treaty,

because these paragraphs deal with precisely the kind

of matters excluded from the jurisdiction of local

Clearing Offices under paragraph I of the Annex.

The fact is that the Annex draws no

distinction

ול

But Willeay

Prewas -face- elishes & days

Eu iti Peau Tychic

into force. Jeece it MB.

کا /3

110

distinction between the Central Clearing Office and local Clearing Offices, except in so far as communica- tions with the German Clearing Office are concerned. Paragraph I states specifically that local Clearing Offices may perform all the functions of a Central Clearing office in their respective districts.except as regards transactions with the Clearing Office in the opposing State.

(a)

2. The Treaty allows the Allied Powers

one month to notify adoption of the Clearing House scheme (Article 296 (e))

(b) three months from the date of the notifica- tion to establish a Clearing Office (Article 296 para- graph I Annex).

(0)

six months from the date of establishment of

a Clearing Office for the notification by creditors

to the Creditor Clearing Office (Article 296, 5 of Annex).

paragraph

As regards (a) the first date of notifica- tion to the German Government in respect of any part

of the British Empire was not made until the latter part of January, In these circumstances it seems ridiculous

gue that the latest date for (c) should

be six months from Januar✯ 12th, 1920.

The above remarks apply to the Colonies as well as to the Dominions, but there is this special point applicable to the Dominions, viz. that when the original arrangements were made for the establishment of the United Kingdom Clearing Office the Dominions were specifically excluded and it was only settled in April,1920, that the United Kingdom Clearing Office

should act as the Central Clearing Office for the

Dominions. If therefore the term "Creditor Clearing

Office" in paragraph 5 means "Central Clearing Office"

in rotation to a Domainen. Of Jew the period of six months allowed must at any rate date

from

A