AUSTRALIAN DEBT (GREAT BRITAIN).

HC Deb 19 March 1923 vol 161 cc2116-7W

Mr. THORNTON

asked the Chancellor of the Exchequer whether the amount owing from the Commonwealth of Australia has been funded; and, if so, on what terms?

Major BOYD-CARPENTER:

Yes, Sir. By agreement with the Commonwealth Government the amount owing will be repaid by a series of half-yearly payments of £2,774,404 14s. 1d. each over a period of 36 years, commencing from 1921–22.