§ 52. Lieut.-Colonel HOWARD-BURYasked the Chancellor of the Exchequer whether he can state the sums that are due for payment by this country to the United States for War debts in 1927 and 1928; what is the sum total that has already been paid; and what amount remains yet to be paid?
§ Mr. CHURCHILLThe sums due to the United States Government in respect of the British War Debt in 1927 and 1928 (at par of exchange) are £32,900,000 and £33,200,000 respectively; the total sum already paid (taking the actual sterling cost of dollars) is £213,500,000. The amount remaining yet to be paid (at par of exchange), including the sums due in 1927 and 1928, is £2,150,000,000.
§ Major COLFOXCan the right hon. Gentleman say what is the correct amount 1583 owing by the various individual States of the United States to British nationals which has beer. repudiated?
§ Mr. CHURCHILLNo, certainly not without notice, and even then it would be a very questionable field to embark upon.