§ 48. Mr. LAMBERTasked the Prime Minister if any offer was made by British Ministers to cancel Allied debts; whether such cancellation was contingent on reparations being received by Great Britain from Germany; what share under this suggested offer would Great Britain receive; and how would such sum compare with the British debt to America?
§ Major BOYD-CARPENTERIf the right hon. Member has in mind the conference at Paris in January, the answer to the first part of his question is in the affirmative, subject to the point that it was the net Allied Debts we were prepared to cancel; the answer to the second part is in the affirmative; the answer to the third and fourth parts is that we estimated at Paris that we should receive approximately 18 milliard gold marks against a debt, to America of 20 milliards, say 900 million pounds as against 1,000 million pounds. Fuller information on all these points will be found in Command Paper 1812
§ Mr. LAMBERTDoes that mean that we shall have to pay, supposing the proposals of His Majesty's Government were accepted, £100,000 more than we receive?