HC Deb 22 September 1931 vol 256 c1462
68. Brigadier-General MAKINS

asked the Financial Secretary to the Treasury if he will state the amount of the French War Loan raised in this country during the War; and how much of this sum has been cancelled, either as the result of the Balfour Note or any other agreement.?

Major ELLIOT

The net War Debt of France to His Majesty's Government at the date of funding amounted to £600,006,000. No part of the Debt was cancelled, but by the Funding Agreement of I2th July, 1926 (Command Paper 2692) the Debt was settled on terms which are equivalent, on a 5 per cent. basis, to the remission of about two-thirds of the Debt.

Forward to