§ 49. Mr. W. HIRSTasked the Chancellor of the Exchequer the total sum which will be paid to this country by Italy and France under their respective debt agreements and the total amount which has been transferred under the said agreements from the Italian and Frendh to the British taxpayers through the partial cancellation of the Italian and French war debts to this country?
§ Mr. McNEILLThe net war debts of France and Italy dealt with under the funding agreements amounted to £1,160 millions. The present value on a 5 per cent. basis of the net annual payments to be made over 62 years is £307 millions.