BRITAIN'S DEBT
REPAYING AMERICA. THE SECOND INSTALMENT. Press Association —By Telegraph—Copy rig it NEW YORK, December 15. (Received Dec. 16, at 5.0 p.m.) Payment of the second instalment of the British debt will be made to-morrow, totalling 92,000,000 dolla.rs, of which 69,000,000 will be interest. The entire transaction will be in terms of Liberty bonds under the provision of the Debt Funding Agreement, Britain thereby saving 1,400,000 dollars, since the bonds were purchased at 98 and the interest payment upon them, retrieved by Britain, was due to-day. Britain’s payments thus far total 161,000,000. dollars.—A. and N.Z. Cable. “STILL CARRYING EUROPE’S BURDEN.” WHERE BRITAIN MADE THE MISTAKE. LONDON, December 15. (Received Dec. 16, at 5.5 p.m.) The Daily Express, commenting on Britain’s payment of 92,000,000 dollars to America says that no one suggests that we should not pay what we owe. The mistake was in making a separate and precipiate arrangement with the United States instead of a general arrangement covering the debts due from the Allies to Britain, which is still carrying the burden of Europe.—A. and N.Z. Cable.
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Bibliographic details
Otago Daily Times, Issue 19046, 17 December 1923, Page 7
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179BRITAIN'S DEBT Otago Daily Times, Issue 19046, 17 December 1923, Page 7
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