§ 57. Sir F. SANDERSON
asked the Chancellor of the Exchequer the total arrears of interest on the debt to the United States of America which was capitalised?
§ Mr. CHURCHILL
Interest in arrear for the period from April, 1919, to December, 1922, amounting to $529,309,000, was capitalised by the Debt Funding Agreement of 1923. Interest amounting to 1885 $1233,356,000 had, prior to April, 1919, been included in the capital debt. The total interest capitalised was, therefore, $762,665,000, or approximately £157 millions sterling.