HC Deb 14 February 1922 vol 150 cc816-7
55. Mr. WISE

asked the Chancellor of the Exchequer the total amount of Treasury bills held by the British Government of the various European Powers, giving the amounts of the various Powers and if the amounts have been reduced or increased since the Armistice?


The total amount of Treasury bills deposited with His Majesty's Government by the various European Powers stands at £1,703,336,302,

European Power. Face Value of Treasury Bills held by H.M. Government at Armistice. Face Value of Treasury Bills held by H.M. Government to date. Increase.
£ £ £
France 425,671,000 572,524,500 146,853,500
Russia 567,892,000 567,892,000
Italy 355,050,000 502,074,952 147,024,952
Belgium (Reconstruction) 9,000,000 9,000,000
Belgium (Belgian Congo) 2,451,000 3,550,000 1,099,000
Roumania 15,710,000 22,112,500 6,402,500
Greece 500,000 7,710,350 7,210,350
Portugal 8,992,000 18,472,000 9,480,000
Total 1,376,266,000 1,703,336,302 327,070,302
Except in the case of Belgium (Reconstruction Credit) interest due since the Armistice has been met by the deposit of additional Treasury Bills.
The figures given do not include Relief Bonds or other debts due from European Powers to His Majesty's Government which are not covered by Treasury Bills.

Is there any interest paid on these bills?


In some cases yes, in some cases no.

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