WAR DEBTS OF THE ALLIES

Otago Witness, Issue 4085, 28 June 1932, Page 27

WAR DEBTS OF THE ALLIES

The following tables give in detail the war debts due by various Allied nations to Great Britain, repayment of which is liable to be affected by agreements made at the Lausanne Conference now sitting; also the debts owing by Great Britain and the other Powers to the United States, the sums in dollars having been converted into pounds sterling at approximately par of exchange. The funding agreements made at various dates between 1922 and 1928 spread repayment over a period of G2 years, and in calculating the proportion of interest and principal in the final settlement, interest has been taken as 41 per cent. The first column in the tables shows the amount owing in each instance when the funding agreement was made; the second gives the sum total of the annual instalments to be paid for G2 years; the third shows how much of the amounts in the second column is capital repayment as distinct from interest and the fourth shows the percentage of debt remission the difference between the amounts in the first and third column represents. DEBTS DUE TO GREAT BRITAIN.

The table omits the Russian war debt of £423,321,000 estimated at £953,000,000 with accumulated interest to March 31, 1931, which has never been funded, and the Belgian war debt of £90,084,000, which was included in Germany's reparation debt. DEBTS DUE TO UNITED STATES.

There is also owing to the United States by Russia a sum of £38.000,000, with interest accrued since the war years, which has not been funded.

Debt as Funded. Total Annual Instalments. Ca pital Repayment. Percentage Remitted. France .. £599,628,000 £799,500,000 £255,658,000 57.4 Italy 560,000,000 248,000,000 86,988,000 84.5 Jugoslavia 25,591,000 32,800,000 9.707.000 62.1 Greece 21,441,000 23,550,000 7,588,000 64.6 Rumania 18,448,000 31.250,000 8,396.000 54.5 Portugal 20,134,000 23,975,000 7,861,000 61.0

Debt as Funded. Total Annual Instalments. Capital Repayment. Percentage Remitted. Great Britain £920,800,000 £2,221,200,000 £757,600,000 17.7 Belgium 83,559,400 145,566,200 45,000,000 46.1 Czechoslovakia 23,000,000 * 62,562,200 18,392.800 20.0 Estonia 2,766,200 6,666,200 2,278,400 17.6 Finland 1,801,800 4,339,000 1,482,600 17.7 France 805,077,400 1,369,534,800 399.301.800 50.4 Greece 3,625,600 3,891,000 1,263,800 65.2 Hungary 388,000 938,600 319,200 17.7 Italy .. 408,439,800 481,535,600 105,638,400 74.1 Jugoslavia 12,571,400 19,035,600 4.006,000 68.1 Latvia 1,156,000 2,791,800 951,000 17.7 Lithuania 1,206,400 2.906,400 993,400 17.7 Poland 35,713,000 87,137,600 29,365.000 17.8 Rumania 8,918,800 24,501,200 7,034,400 21.1