HC Deb 30 July 1931 vol 255 cc2495-6W
Mr. D. G. SOMERVILLE

asked the Secretary of State for Foreign Affairs the amount of money paid under the Peace Treaty by Germany to date and the amount of money received by her in that period by loans from outside sources?

Mr. PETHICK-LAWRENCE

During the period from the Armistice to the coming into force of the Dawes Plan on 1st September, 1924, German payments under the treaty, in foreign currencies or by way of Deliveries in kind, amounted to about £370,000,000 (taking £1 = 20 gold marks). No considerable amount was received by Germany during this period from foreign loans, though a very large sum was obtained from the sale of marks. During the period from the coming into force of the Dawes Plan up to the present, Germany has paid about £500,000,000 for Reparations and other treaty charges, and she has borrowed some £360,000,000 by way of long-term foreign loans. In addition. Germany has obtained short-term credits, the amount of which cannot be definitely ascertained, but was unofficially estimated at £360,000,000 a year ago. A considerable amount of these short-term credits has since been withdrawn.