§ 33. Sir ASSHETON POWNALLasked the Chancellor of the Exchequer what proportion the token sum paid by Italy to the United States of America, on account of war debts, bears to her total annual indebtedness?
§ Mr. HORE-BELISHAThe payments made by Italy to the United States of America during 1933 represent 12.8 per cent. of the amount due during that period under the Italo-American Funding Agreement.
§ Sir A. POWNALLCould not the Government represent to the Italian Government that they might also make us a token payment in similar proportion to that which they make to the Government of the United States?
§ Mr. HORE-BELISHAI am sure the hon. Gentleman is well aware of the general position with regard to debt.