§ 51. Viscount CURZONasked the Prime Minister what would be the financial effect to this and other countries if the indebtedness of our late Allies in the War to this country were to be cancelled; whether such a cancellation of debt would in any way remedy Continental exchanges; whether it is expected that this indebtedness will ever be paid off; whether any of the debt has as yet been paid off; and, if not, whether arrangements have been made for this?
Mr. CHAMBERLAINI do not think this is a matter which can well be discussed in the form of question and answer, but, as I have frequently stated, the Allied Governments are not, except as regards certain minor special transactions, at present paying interest or sinking fund on their debts to this country.