HC Deb 21 February 1924 vol 169 cc2041-2W

asked the Chancellor of the Exchequer what is the arrangement with Australia in regard to the debt that that country owes Britain?


I am sending the hon. Member a copy of an answer given on the 4th August, 1921, which explains the arrangements with Australia as regards her war debt to His Majesty's Government. They may be summarised as repayment by an annuity spread over 36 years based on an interest charge of rather under 5 per cent.


asked the Chancellor of the Exchequer what foreign countries are paying interest and sinking fund on War debts or relief loans; and what the amounts are respectively for the year 1923?


Payments on account of interest were received during 1923 as follow:—

Belgium (Reconstruction Loan) 449,764
Belgian Congo 196,475
Greece 17,735
Relief Loans:
Latvia 1,210
Hungary 3,845
Lithuania 1,009
Esthonia 15,060
Rumania 93,065
Czecho-Slovakia 29,454

These amounts are paid in as Miscellaneous Revenue. In addition the Czecho-Slovakian Government paid, in 1923, £37,609 interest and repaid £901,082 principal in respect of a wheat loan, while £3,118,900 bonds of the Austrian loan were received in repayment of an earlier reconstruction advance to Austria.