HC Deb 28 February 1922 vol 151 c258
69. Colonel L. WARD

asked the Chancellor of the Exchequer the extent of Russia's indebtedness to this country, and if any interest on the money has ever been paid?

Mr. YOUNG

As stated in the Finance Accounts for 1920–21, the indebtedness of Russia to this country as on 31st March last was £561,402,000. This, however, excludes interest due since 31st December, 1918, which has not been added to the capital debt, because since that date there has been no authorised representative of the Russian Government, and it has been necessary to leave the amount due for interest in abeyance.

Colonel WARD

As there appears to be no probability of this money ever being recovered—[HON. MEMBERS: "Why not?"]—at any rate for a long time to come—will the Government consult this House before they throw more of the taxpayers' money into the same bottomless pit?