HC Deb 22 August 1945 vol 413 c651W
Sir W. Smithers

asked the Chancellor of the Exchequer the total indebtedness of the U.S.S.R. to Britain; and how much has been written off.

Mr. Dalton

I assume that the hon. Member has in mind advances to the Government of the U.S.S.R. in respect of supplies from this country. The outstanding indebtedness at the present moment is £44,580,000 on credits granted in respect of war-time supplies and £368,387 in respect of the credit granted by the Exports Credit and Guarantee Department under the Agreement of 1936. Repayments in respect of both these credits have been made punctually as they became due and nothing has been written off either of the above debts.