• Short Summary

    DR KAUSSUNY, MINISTER OF ECONOMY IN THE UNITED ARAB REPUBLIC, AND MR G. ARTHUR, BRITISH?

  • Description

    DR KAUSSUNY, MINISTER OF ECONOMY IN THE UNITED ARAB REPUBLIC, AND MR G. ARTHUR, BRITISH CHARGE D'AFFAIRES IN CAIRO, SIGNED AN AGREEMENT IN THE CITY AUG 7 UNDER WHICH BRITISH SUBJECTS WHOSE PROPERTY WAS SEIZED AFTER THE SUEZ CRISIS WILL RECEIVE UP TO GBP5,000 BY WAY OF COMPENSATION.

    AS PART OF THE AGREEMENT, BRITAIN WILL LEND EGYPT $2 MILLION (ABOUT GBP714,000) TO HELP TOWARDS PAYING THE COMPENSATION. THIS SUM IS PART OF A TOTAL LOAN OF GBP3,575,000 THAT BRITAIN IS MAKING TO THE UAR.

    THE TRANSFERS OF GBP5,000 WERE EXPECTED TO BE COMPLETED WITHIN THREE WEARS, ACCORDING TO THE AGREEMENT. THOSE WHO HAD PROPERTY CONFISCATED AND HAVE NOTE SUBMITTED CLAIMS ARE GIVEN FOUR MONTHS IN WHICH TO APPLY FOR COMPENSATION.

    INFORMATION HAS BEEN PROMISED BY THE UAR ABOUT PROPERTY SEIZED IN 1956 WHICH HAS SINCE BEEN RELEASED. IT HAS ALSO PROMISED TO PAY GBP56,094 TO BRITAIN TO COMPENSATE BRITISH OFFICIALS DISMISSED IN 1956.

  • Tags

  • Data

    Film ID:
    VLVA43DQ47BD3KRMZ10R3A4DB3AAO
    Media URN:
    VLVA43DQ47BD3KRMZ10R3A4DB3AAO
    Group:
    Reuters - Including Visnews
    Archive:
    Reuters
    Issue Date:
    08/08/1962
    Sound:
    Unknown
    HD Format:
    Available on request
    Stock:
    Colour
    Duration:
    00:00:51:00
    Time in/Out:
    /
    Canister:
    N/A

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