§ 49 and 50. Colonel WOODCOCKasked the Chancellor of the Exchequer (1) what amount has been received up to date from each of the Powers in connection with the War;
(2) what are the amounts still due to this country from each of the other countries in connection with the War?
§ The CHANCELLOR of the EXCHEQUER (Mr. Churchill)The amounts received by this country on account of War Debts in respect of which Funding Agreements have been signed, and the total of the further amounts in principal and interest to be received under these Agreements over a total period of 62 years are as follow:
As regards War Debts not yet funded and post-War debts I would refer my hon. and gallant Friend to the statement on page 96 of the Finance Accounts, 1925–26 (House of Commons Paper No. 90).
Received. To be received. £ £ France … 2,000,000 797,400,000 Italy … 4,000,000 270,750,000 Rumania … 50,000 31,200,000 Totals … 6,050,000 1,099,350,000
§ Colonel DAYWhat interest is chargeable on these debt services?
§ Mr. CHURCHILLThat has been taken into consideration.
Mr. BECKETTAre we any more likely to get the bulk of this money than we are to get the money which we allege is owed to us by Russia?
§ Mr. CHURCHILLAll these debts have been properly funded.