HC Deb 25 November 1919 vol 121 cc1618-9
54. Major HAYWARD

asked the Chancellor of the Exchequer what is the arrangement made with the United States Government with reference to the postponed payment of interest on the debt due to that Government?

The CHANCELLOR Of the EXCHEQUER (Mr. Chamberlain)

Final arrangements have not yet been arrived at, but the British and United States Governments are engaged in discussion of the details of a plan under which interest on the advances made by the British and United States Governments to the Allied Governments during the War (including advances made by the United States Government to the British Government) would be postponed for a period of three years.


When the right hon. Gentleman was drawing up the balance-sheet for the normal year, did he take into account the interest payable to the United States?


If the hon. and gallant Gentleman will look at the White Paper, he will see that the interest pay able on our debt to America, and the interest receivable by us on the Allied debt to us, were excluded from the figures. That was set out in a footnote.