§ Major NATHANasked the Chancellor of the Exchequer (1) what sums have been paid by this country on account of the debt to America since 31st March, 1929; and whether any further sum will be paid during the present financial year:
(2) what sums have been received by this country since 31st March, 1929; and whether any further sums are expected to be received during the present financial year, on account of War debts from France, from Italy and from other countries, and on account of reparations from Germany, respectively?
644W
§ Mr. P. SNOWDENThe sum of £33,000,000 has been paid by this country on account of the British War debt to the United States Government since 31st March, 1929, and no further sum is payable during the present financial year. To cover this payment £10,000,000 has been received from France, £4,000,000 from Italy, and £1,000,000 from other countries on account of War debt, or £15,000,000 in all, and £18,000,000 in respect of German reparation under the Young Plan. In addition, £1,415,000, making a total of £34,415,000, has been received from France, Belgium and Italy under the Hague Protocol of 31st August, 1929. There will be no further such receipts during the present financial year.