WAR DEBT BURDEN.
RECEIPTS AND PAYMENTS. BALANCE AGAINST BRITAIN. British "Wireless. RUGBY, March 10. The Chancellor of the Exchequer, Mr. Philip Snowden, stated in the House of Commons to-day that the total sum repaid to the United States on account of Britain's war 'debt by the end of the present financial year would be £279,473,000. Against that she would have received to the same date about £98,000,000 on account of reparation and £48,825,000 on account of Allied war debts.
Therefore the aggregate receipts would have fallen short of the aggregate payments by more than £132,000,000.
The deficiency would be close on £200,000,000 if interest on past payments and receipts were taken into account.
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New Zealand Herald, Volume LXVII, Issue 20519, 21 March 1930, Page 13
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113WAR DEBT BURDEN. New Zealand Herald, Volume LXVII, Issue 20519, 21 March 1930, Page 13
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