§ MR. HAROLD COX (Preston)
To ask Mr. Chancellor of the Exchequer, what was the total amount of war debt remaining unpaid at the end of the financial years ending 31st March, 1903, 1904, 1905, 1906, 1907, and 1908 respectively; and whether he can state approximately what was the interest payable on the war debt in each of those years.
(Answered by Mr. Lloyd-George.) The Question only admits of a hypothetical reply. On the assumption that all the reductions of debt, funded and unfunded, that have been effected during the years in question were reductions of War Debt, the Answer would be as follows—
§ bably be about £40,000 a year; but it is impossible on the information available to forecast with any approach to accuracy the effect of my hon. friend proposal.