HC Deb 23 November 1920 vol 135 cc220-1
52. Captain TUDOR-REES

asked the Chancellor of the Exchequer whether over 20 millions have been lent to Serbia; and, if so, what were the terms upon which such loan was made, when that sum is repayable, and what, if any, securities are held in respect thereof?


The Serbian Government received loans amounting to approximately £21,000,000 during the War, for which they have undertaken to deliver obligations, dated the 1st January, 1920, and bearing 5 per cent. interest from the date. The Serbian Government have further received advances for relief, since the Armistice, amounting to approximately £1,500,000, for which they undertake to deliver 6 per cent. Bonds as from the dates of the advances. The above obligations have not yet been actually deposited.


Is any security offered to Montenegro in this matter?

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