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Foreign Compensation (Ussr)

Volume 114: debated on Wednesday 8 April 1987

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asked the Secretary of State for Foreign and Commonwealth Affairs, pursuant to his answer of 11 March, Official Report, column 212, to the hon. Member for Teignbridge (Mr. Nicholls) if he will make a further statement on the response to the advertisement about the Foreign Compensation (USSR) (Registration and Determination of Claims) Order 1986.

The closing date for claims in respect of bonds was 31 March 1987. As there was a last-minute rush to register claims for bonds by some major institutions which hold large numbers of them, it will be several weeks before accurate figures for the number of bonds received and their total face value is known. However, provisional estimates, and I would emphasise that these are only estimates, put the number of bonds received at half a million, with a face value of approximately £20 million. Up to the end of March some 3,300 requests for application forms in respect of other claims were received and dealt with by Foreign Compensation Commission. The closing date for these other claims is 30 June 1987.