HC Deb 24 March 1927 vol 204 cc554-5

asked the Chancellor of the Exchequer what amounts have been recovered by His Majesty's Government from foreign Governments 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?


As the war debt funding agreements provide for the settlement of these debts by means of fixed annuities, it is not possible to distinguish capital and interest in regard to these payments. Up to date, approximately £34¼ millions has been received in the form of cancellation of mutual indebtedness and £12,689,295 in cash payments. £3,018,974 has been paid to the National Debt Commissioners for cancellation of debt and the balance has been paid into the Exchequer from which the general debt sinking fund is provided.

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