As my hon. Friend will be aware, it is not proposed to adopt the Clearing Office scheme in the case of Austria and the provisions of that scheme for the guarantee by each Government of the debts of its nationals and for payment of interest on debts at five per cent. will accordingly not be applicable. Austrian property in this country will be chargeable with any deficit to British creditors. I hope to be in a position to make an announcement on this whole subject at an early date.