WAR DEBTS POSITION.

Star (Christchurch), Volume XLIV, Issue 366, 7 March 1932, Page 1

WAR DEBTS POSITION.

Interesting Comparisons Made. United Press Assn.—By Electric Telegraph—Copyright. RUGBY, March 5. Replying to a question asked in Parliament, the Chancellor of the Exchequer, Mr Neville Chamberlain, said that the- amount in pounds of war debts due to Britain by’ foreign Governments at the date of funding was as follows: £ France 600,000,000 Italy 560,000,000 Rumania 18,448,200 Portugal 20,133,000 Greece 21,440,000 Yugo-Slavia 25,591,000 Capitalised at the present value of the annuities, at the date of funding, on a 5 per cent basis, the amounts due would be:— £ France 227.000,000 Italy 77,800,000 Rumania 6,744,000 Portugal 699.200 Greece 6.719.000 .Yugo-Slavia .... 8,232,000 The percentages of .debts remitted on this basis was:— p.c. France 1 62.00 Italy 86.00 Rumania 3.50 Portugal 65.25 Greece 68.50 Yugo-Slavia 7.75 Liability for the war debt of Belgium was assumed b3’ Germany under the Treaty of Versailles, and the war debt of Russia had not yet been funded.