Foreign Compensation Act 1962

1962 CHAPTER 4

An Act to provide for the payment out of moneys provided by Parliament of additional compensation in respect of claims arising in connection with certain events in Egypt, to require the Foreign Compensation Commission to pay sums into the Exchequer in respect of deductions made in meeting such claims, and to make provision in relation to pensions and other payments to or in respect of members, officers and servants of the Commission.

[20th December 1962]

Whereas the sum of £27,500,000 sterling was paid by the Government of the United Arab Republic to Her Majesty's Government in the United Kingdom under an agreement entered into on 28th February 1959 and amended by notes exchanged on 7th August 1962, by which provision was made for the payment of that sum in settlement of claims defined by the agreement and made in respect of British property affected by certain Egyptian measures, and was paid by Her Majesty's Government in the United Kingdom to the Foreign Compensation Commission to be distributed by them in accordance with the Foreign Compensation Act 1950:

And whereas it is expedient to enable additional sums to be made available to the Foreign Compensation Commission out of moneys provided by Parliament towards the settlement of the claims so defined and such other claims arising in connection with events in Egypt as may qualify for payment:

Be it therefore enacted by the Queen's most Excellent Majesty, by and with the advice and consent of the Lords Spiritual and Temporal, and Commons, in this present Parliament assembled, and by the authority of the same, as follows:—