§ Mr. Fortescueasked the Chancellor of the Exchequer what is the present state of the debts and credits of the Government of the United Kingdom incurred during, and as a result of, the 1914–18 War, as modified by the Baldwin Settlement of 1923.
§ Mr. CallaghanAt the time of the Hoover Moratorium in 1932 United Kingdom Government debt to Overseas countries was:—
£000's U.S.A. … … … … 897,534 France … … … … 53,500 Italy … … … … 21,388 972,422 Her Majesty's Government was due to receive from the undermentioned countries:—
£000's France … 755,875 Italy … 252,938 Roumania … 30,375 Portugal … 22,425 Jugoslavia … 31,750 Greece … 22,375 1,115,738 Australia … 79,724 New Zealand … 26,191 Others Dominions & Colonies … 3,398 1,224,951 Payments on these loans were suspended in accordance with the arrangements made at the Lausanne Conference and have not since been resumed.
In addition there was a debt of £60 million to Russia, which was not a party to any Agreements on War debts and on which also payments have been suspended.