§ Lieut.-Colonel WILLEY
asked the Chancellor of the Exchequer what is the amount paid to the United States Government in interest during the current financial year on the debt owing to them by this country; and what is it expected 1479W will be paid by the close of the present financial year or, if it be funded, what net increase of indebtedness that year will be represented by this process?
A sum of $16,000,000, with interest thereon, has been repaid to the United States Government in respect of certain special transactions. With this exception no payment of interest or principal has been made in the current year to the United States Government. The interest postponed since May, 1919, pending discussion with the United States Government, is now approximately $314,500,000.