COLONIAL PUBLIC DEBT (Hansard, 25 October 1944)

HC Deb 25 October 1944 vol 404 c167 167

§ 60. Captain Cobb
asked the Secretary of State for the Colonies what is the cost of the service of the Colonial Public Debt.

§ Colonel Stanley
The annual public debt charges of the various colonial territories amount to £5,884,000.

§ Captain Cobb
Is my right hon. Friend aware that this works out at approximately 5 per cent., compared with 2 per cent. for the service of the National Debt, and will he be prepared to approach the Treasury with a view to lightening this burden, which presses very hard on the great majority of our Colonies?

§ Colonel Stanley
I will look into that.