HC Deb 10 November 1926 vol 199 cc1082-3
42. Sir F. WISE

asked the Chancellor of the Exchequer the amounts, respectively, received from France and Italy for interest on War Debt payments on 15th September, 1926; and the amount Britain paid to the United States in September, 1926?

The FINANCIAL SECRETARY to the TREASURY (Mr. Ronald MsNeill)

The sum of £2,000,000 was received from France and the same amount (£2,000,000) was received from Italy on 15th September, 1926, in respect of their War debts. No payment by this country to the United States falls due on 15th September. A payment of approximately £14,000,000 for interest was made to the United States on 15th June, 1926, and a further payment of approximately £19,000,000 for interest and sinking fund falls due and will be paid on 15th December, 1926.

Sir F. WISE

Can my right hon. Friend say what would be the position if France did not ratify the agreement?

Mr. McNEILL

No, I cannot.

Colonel GRETTON

What periods do the payments of France and Italy represent?

Mr. McNEILL

I cannot say without notice.

43. Sir F. WISE

asked the Chancellor of the Exchequer the total amount of interest received on War debts since 1st April, 1926; and the total amount Great Britain has paid on external War debts?

Mr. McNEILL

The total amount received in respect of Allied War debts to this country since 1st April, 1926, is £4,000,000. The total amount paid by this country on external War debts during the same period is approximately £14,000,000.

44. Mr. H. WILLIAMS

asked the Chancellor of the Exchequer if he can state the amount paid into the Exchequer during the six months ended 30th September, 1926, in respect of German reparations, Inter-Allied debts, and debts due by other parts of the Empire, respectively?

Mr. McNEILL

The amounts paid into the Exchequer during the six months ended 30th September, 1926, in respect of German reparations, Allied War debts and relief and reconstruction debts are as follows:

£ s. d.
German reparations 4,130,000 0 0
Allied War debts 4,000,000 0 0
Relief and reconstruction etc. debts 511,591 3 1
It would be quite incongruous to associate with these figures payments made in respect of debts by various parts of the Empire, but if my hon. Friend cares to put a separate question on this subject I will furnish an answer.