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Czechoslovakia Compensation Fund

Volume 84: debated on Wednesday 23 October 1985

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asked the Secretary of State for Foreign and Commonwealth Affairs what are the total sums to the latest convenient date paid to applicants, to the Inland Revenue in respect of taxation, and to the Exchequer in respect of the commission's expenses, respectively, as regards claims from the Czechoslovakian compensation fund under the Foreign Compensation Act 1950.

Most of the Czechoslovakia compensation fund was invested by the Foreign Compensation Commission as soon as the commission received it. This investment produced an income of £1,074,367·95 for the fund up to 31 March 1985. The commission paid a total of £322,310·10 to the Inland Revenue in respect of taxation assessed on this investment income up to 31 March 1985. The commission also paid a total of £469,460 into the Exchequer in respect of expenses attributable to the Fund up to 30 September 1984. No sums have as yet been paid to claimants.