§ 60. Mr. PETHICK-LAWRENCEasked the Chancellor of the Exchequer what amounts have been recovered by His Majesty's Government from the Governments of the British Dominions or 207 Dependencies since 11th November, 1918, in discharge of capital liabilities; what amount out of these has taken the form of the cancellation of mutual indebtedness; what amount has been put to revenue under special receipts; and what amount has been otherwise dealt with?
§ Mr. CHURCHILLI will circulate in the OFFICIAL REPORT the figures in answer to this question.
§ Following are the figures:
§ The hon. Member's question contains a number of assumptions with regard to what he calls "capital liabilities," which I must not be assumed to accept in their entirety.
§ The amount repaid to the present date is £135,742,824, of which £100,965,280 represented the cancellation of mutual indebtedness. Of the balance of £34,777,544, the sum of £24,968,954 was, prior to 1st April, 1922, treated as revenue, and the sum of £9,808,590 has, since the 1st April, 1922, been paid to the National Debt Commissioners to be used in cancelling debt.