HC Deb 05 December 1922 vol 159 c1508
68. Mr. TILLETT

asked the Chancellor of the Exchequer the total amount of interest paid annually on the National Debt?

Mr. BALDWIN

Full details of the interest paid on the National Debt are given in the annual Finance Accounts. The Budget Estimate for the current year is £335,000,000.

Mr. W. TH0RNE

Is the full amount of the debt and interest we owe to America included in that statement?

Mr. BALDWIN

Yes, but my hon. Friend will remember that the full amount of interest on the American debt is not payable until next year.

Mr. THORNE

Then will the full weight come on us next year?

Mr. BALDWIN

Yes.

Mr. THORNE

Look out for taxation in that case!