§ 50. Sir WILLIAM DAVISONasked the Chancellor of the Exchequer what is the estimated sum which will be required to meet our debt payment to the United States of America during the forthcoming year; and how much of the same will be covered by payments from foreign countries on whose behalf the debt was incurred, and the amounts payable, respectively?
§ Mr. CHURCHILLTaking sterling at par, our debt payments to the United States Government during 1926 will amount to £33,062,000 for interest and capital. Against this, we should receive about £14 millions from German reparations 1715 and Inter-Allied War debts already funded Negotiations are proceeding with a view to the settlement of the remaining Inter-Allied War debts.