§ Lord Lairdasked Her Majesty's Government:
How much they owe the United States as a result of the First and Second World Wars; when the most recent repayment was made; and what arrangements are being made to clear the debt. [HL1036]
§ Lord McIntosh of HaringeyOn First World War debt due to the United States Government, I refer the noble Lord to the Answers I gave to him on 17 July 2002 (WA 159), 30 July 2002 (WA 161) and 25 October 2002 (WA 103–04).
On Second World War debt due to the United States Government, I refer the noble Lord to the Answer I gave to him on 27 May 2002 (WA 127).
Table B19 in the Supplementary Statements to the Consolidated Fund and National Loans Fund Accounts for 2001–02, presented to Parliament on 19 December 2002, provides the latest published data on the outstanding Second World War debt to the United States Government (HC 113, Session 2002–03).
A further repayment of principal amounting to $66,381,002.61 was made at the end of December 2002 under the terms of the 1945 Agreement.