 In addition to confiscated property , large sums of money and precious metals belonging to Armenians were also seized and deposited into the treasuries of the Ottoman government or in various German or Austrian banks during the war . Such sums were believed to be withdrawn from the bank accounts of deported and killed Armenians . An official memorandum prepared by former British Prime Ministers Stanley Baldwin and H. H. Asquith was sent to then Prime Minister of Great Britain Ramsay MacDonald describing such seizures and deposits : 
