§ Commander BELLAIRSasked the Chancellor of the Exchequer what was the total amount of the British Debt to America at the end of the financial year 1918–19; and what was the total amount of the British loans to our European Allies from the date of America's entry into the War to the end of the financial year 1918–19?
§ Mr. CHURCHILLThe debt of the British Government to the United Statees Government at the end of the financial year 1918–19 was $4,092,000,000 (£840,822,000 at par). The loans made by the British Government to our European Allies from the date of America's entry into the War to the end of the financial year 1918–19 amounted to £742,000,000, and further loans of over £98 millions were made to the Allies on account of the War during the financial year 1919–20.