§ 68. Brigadier-General MAKINSasked 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 ELLIOTThe 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.