HC Deb 29 November 1922 vol 159 cc729-30W
Lieut.-Colonel L. WARD

asked the Chancellor of the Exchequer the amount of money that has been advanced by this country to Austria since the Armistice; and whether it has been advanced as a gift or as a loan, if the latter how much interest has been paid thereon, and what security is held in this country for the capital amount?

Mr. BALDWIN

Loans amounting to approximately £12,200,000 have been made to Austria by this country since the Armistice against bonds in the form approved by the International Committee for Relief Credits or as regards £2.250,000 on Austrian Treasury Bill. The advances; are secured on the revenues and assets of Austria and as regards the £2,250,000 specifically on the Gobelin Tapestries. In view of the financial condition of Austria no interest has been paid.