NATION’S WAR DEBTS

Patea Mail, Volume LIII, 11 March 1932, Page 3

NATION’S WAR DEBTS

AMOUNTS OWED TO BRITAIN,

PERCENTAGES REMITTED

Ecplying to a question in Parliament, the Chancellor of the Exchequer said the amount of war debts due to Britain by foreign Governments at the date of funding was as follows. — France, £6OO millions; Italy, £560 millions; Rumania, £18,448,200; Portugal, £20,133,000; Greece, £21,440,000; Yugoslavia, £25,591,000.

Capitalised at their present value, the annuities at the date of funding on a o per cent, basis was: France £227 millions, Italy £77,800,000, Rumania £6,741,000, Portugal £699,200, Greece £6,7.19,000, Yugoslavia £8,232,000. The percentages of the debts remitted on this basis were: France 62 per cent., Italy 86 per cent., Rumania 654 per cent., Portugal 65J per cent., Greece 684 per cent., Yugoslavia 67$ per cent. Liability for the war debt of Belgium was assumed by Germany under the Treaty of Versailles, and the war debt of Russia has not yet been funded.