HC Deb 13 June 1927 vol 207 c673
35. Sir F. WISE

asked the Chancellor of the Exchequer the approximate amount of the prior charges before the distribution of reparations from Germany is made to the creditor Power; and what percentage they are of the last payment?

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

The current Dawes Annuity amounts to about £75 millions, of which approximately £54 millions will be distributed between the Allied Governments as reparations and £21 millions applied to prior charges, including (in round figures) £4½ millions for the service of the German loan, £4 millions for U.S.A. claims, £8½ millions for French and British Army costs, £3 millions for the Belgian War Debt and £1 million for restitutions, cost of Inter-Allied Commission, etc. It will be seen that the non-reparation charges absorb altogether about 28 per cent. of the Annuity.