§ 61. Mr. Odeyasked the Chancellor of the Exchequer what was the amount of money owing to this country by Russia at the end of the first world war, when it ceased to be included in the Financial Statement; and if it has been written off as a default.
§ Mr. JayThe Financial Statement of 31st March, 1920, included the sum of £568 million as owing by Russia. This amount, as increased from time to time by interest, was reported in subsequent Financial Statements each year up to and including that for 1939. At the end of the first world war Russia also owed His Majesty's Government on other accounts about £120 million. None of this money has been written off.