§ Lieut. - Commander KENW0RTHYasked the Chancellor of the Exchequer 707W what will be the approximate annual payments that will be made by Italy for the funding of her debt to this country if the same terms are granted to Italy as have been granted by the Government of the United States of America to Italy in pounds sterling; and what will be the amount that Italy would pay if her debt were funded with this country on the same terms as those tentatively agreed to between this country and the French Government for the repayment of the French debt?
§ Mr. CHURCHILLThe calculation of the amounts that would be payable by Italy to this country if the Italian debt to this country were funded on the terms granted by the United States Government or on the terms agreed to between this country and the late French Government raises various questions which I shall be discussing with the Italian Minister of Finance very shortly. I do not think that it would be in the public interest to make any statement on the matter at the present moment.