§ *MR. MCCRAE (Edinburgh, E.)
I beg to ask Mr. Chancellor of the Exchequer if he can state the amount of the annual in talments now payable in respect of the British share of the Chinese war indemnity; and whether these instalments will be applied to the reduction of debt.
§ MR. VICTOR CAVENDISH
Negotiations are now in progress between the Chinese Government and the representatives of the Powers as to the basis of payment of the indemnity. Until these are concluded the amount of the annual instalments receivable by this country cannot be stated. Proposals will in due course be submitted to Parliament as to the application of the British share.