§ 57. Mr. WHITEasked the Chancellor of the Exchequer what is the present position in regard to the accumulations of £11,000 annual surplus of the payments of £92,800 (after deducting £81,800 appropriated to the Turkish Loan of 1855) made by Cyprus yearly from 1878 till 1927 in respect of the Turkish Tribute; what figure have these accumulations, including interest, reached now; and are they still deposited with the Bank of England in a separate account?
§ Mr. P. SNOWDENAs the result of the settlement arrived at in 1930 of the Egyptian liability and of the application for Sinking Fund purposes of the surplus available on the Cyprus payments, the amount of the 1855 Loan outstanding has now been reduced to £2,558,600 and the securities held for the purpose of a Sinking Fund amount to a nominal value of £1,061,896. In reply to the last part of the question, these securities are held in a separate account at the Bank of England.