§ 58. Mr. DAVID MASON
asked the Chancellor of the Exchequer whether he will state the amount of loss incurred in repaying the credits recently to France and America; and to which capital account will the amounts be charged?
§ The CHANCELLOR of the EXCHEQUER (Mr. Chamberlain)
If the hon. Member means how much more sterling was required to repay the credits than the sterling they produced when they were borrowed, the answer is about £17,500,000. This difference is represented by an increase in the internal sterling debt of the country.
§ Captain PETER MACDONALD
Does this answer mean that provision will have to be made in this year's Budget to make up this deficit?