§ Mr. HAMMERSLEYasked the Chancellor of the Exchequer whether the rate of interest, 4 per cent., on the postponed debts to the United States under the Hoover plan has been arrived at by agreement between the Government and the United States Government; and whether other affected Governments agree to this rate of interest?
§ Major ELLIOTThe answer to both parts of the question is in the affirmative.
§ Mr. HAMMERSLEYasked the Chancellor of the Exchequer if debts owing to this country and postponed in accordance with the Hoover plan will bear interest; and, if so, will he give particulars of the countries affected and the corresponding rates of interest?
§ Major ELLIOTThe debts owing to this country which were suspended under the Hoover plan will be repayable with interest at 4 per cent. per annum in all cases on similar terms to those agreed to in regard to the Debts to the United States Government.