§ 95. Mr. R. RICHARDSONasked the Chancellor of the Exchequer whether the loans to Allies and Dominions, amounting as at 31st March, 1922, to £2,017,461, are all repayable in the United Kingdom sterling or whether any are repayable in the currency of the nations to whom the loans were lent; and, if so, in what currencies?
Mr. YOUNGThe loans to Allies and Dominions are all repayable in sterling, with the exception of an amount of $16,974,000 due from Austria in respect of relief supplies and an amount of $37,227,602.36 due from France, which are repayable in United States dollars. In the Financial Statement these sums are converted into sterling at par.