AMERICAN WAR LOANS

Hawera & Normanby Star, Volume XLI, Issue XLI, 6 July 1921, Page 5

AMERICAN WAR LOANS

BRITAIN'S OBLIGATIONS.

BY CABLE—PRESS ASSOCIATION—COPYRIGHT

LONDON, July 4

In the House of Commons, Mr. Hilton Young stated that the British debt to America was approximately £856,000,----000. Accrued interest unpaid thereon totalled aproximately 408,000,000 dollars. The only definite arrangement for the reduction of the debt at present was for the repayment of 122,000,000 dollars borrowed for the purchase of silver dollars, under which a further 30,500,000 dollars would be repaid in April and May next.