I see my hon. Friend's point, but, with respect, I think that he is on a false point. What he is saying now, and it is consistent with the Clause, is that it would be all right that compensation of this sort should be taxable in Germany but that it should be exempted from tax here if it has been accepted in negotiation in lieu of a nontaxable form of compensation. I think that one has only to analyse the proposition to see that that would hardly be fair. It would mean that those who had originally put in claims for a taxable form of compensation would be taxable, but that those who put in claims in a form not acceptable to the German Government, and therefore the claims had been settled on the basis of an award of another form of compensation, would not be taxable.

I think that on reflection my hon. Friend will see that it would be difficult to satisfy people in the first category that they had been fairly treated if people in the second category were given exemption from tax as this Clause seeks to do.