Bulgaria.

Oral Answers to Questions — Peace Treaties. – in the House of Commons on 5th July 1922.

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Photo of Hon. Aubrey Herbert Hon. Aubrey Herbert , Yeovil

1.

asked the Under-Secretary of State for Foreign Affairs if the Reparation Commission at present controls the entire assets of Bulgaria?

Photo of Mr John Baird Mr John Baird , Rugby

Under Article 132 of the Treaty of Neuilly, a first charge is imposed on all the assets and revenues of Bulgaria in respect of the cost of reparation and other costs arising under the Treaty, subject to the rights created and securities assigned in. connection with pro-War Bulgarian Government loans (which are maintained in force without any modification), and subject also to such exceptions as the Inter-Allied Commission at Sofia may unanimously approve. The Inter-Allied Commission is empowered to assume actual control and management of Bulgarian revenues only in case of default by Bulgaria, and does not at present exercise such control.