HC Deb 06 May 1924 vol 173 cc229-30
61. Lieut.-Colonel Sir EDWARD GRIGG

asked the Chancellor of the Exchequer on which of the loans to Allies and Dominions, shown in Table VI of the Financial Statement, 1924–25, we are now receiving interest payments From the debtor countries; what is the total of such payments which we receive; and what sums have to be found annually by the taxpayers of this country for interest payments on loans to Allies?


As regards the first two parts of the question, I would refer the hon. and gallant Member to a table to be circulated in to-day's OFFICIAL REPOKT in reply to a question by the hon. Member for Ilford (Sir F. Wise). As regards the third part, if we regard the advances to Allies as having been made out of loans raised by His Majesty's Government during the War at rates slightly in excess of 5 per cent. the approximate annual interest charge may be calculated as slightly over £100,000,000.