§ 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.