Northern (N): Hungary (NH). UK Foreign Compensation (Hungary) Order 1958

A file of correspondence and legal material on Hungarian compensation payments. The Hungarian government had agreed to pay £4.05 million in compensation for British property and debts in Hungary which were nationalised or otherwise lost during and after the Second World War. The file discusses the wording of Article 11 of the Foreign Compensation (Hungary) Order, which disqualified holders of bonds on Hungarian companies or the Hungarian government from claiming under the order. The Foreign Compensation Commission and the Foreign Office noted that the word "bond" had different meanings in the United Kingdom and on the continent, and suggested that instead of disqualifying all bonds, a list should be attached to the order specifying which bonds were excluded. The file also discusses a case in which a British and a Dutch oil company both had claims on the nationalised Hungarian branch of the Shell company.