Part of the debate – in the House of Commons at on 7 April 1925.
My right hon. Friend says it is the commercial value. That is very important. That makes a very great difference, because, as my right hon. Friend knows very well, there was a good deal of difficulty about. that. The Germans did not get credit for the commercial value in the old days. That would have made a very considerable difference in the reparation they made. I should like to know whether it is the commercial value, and not the value at the pithead. Otherwise, I think the arrangement is an admirable one, and I congratulate my right hon. Friend upon it.