HC Deb 08 July 1920 vol 131 cc1653-4
75. Mr. DOYLE

asked the Chancellor of the Exchequer the gross amount of the debt of Great Britain to the United States of America at the beginning of 1919; how much of this amount was re- paid last year and how much for the first six months of the present year; and if the United States Government insists on such repayment being in gold or in what other form is our indebtedness being discharged?

Mr. CHAMBERLAIN

I would ask my hon. Friend to await the Return which is being moved for by the hon. Member for the South-West Division of Kingston-on-Hull. Our indebtedness to the United States Government is repayable in gold coin of the United States, or, at the option of the lender, in pounds sterling at the New York rate for sterling.