EUROPE’S WAR DEBTS.
BRITAIN AND HER ALLIES. STATEMENT BY CHANCELLOR. (Official Wireless.) RUGBY, July 28. In answer to a question in the House of Commons regarding the terms on which the Allied war debts owing to Britain had been funded, the Chancellor of the Exchequer, Mr P. Snowden, said the net amount of the debts at the date of the funding was about £1,230,000,000, including thd war debt of Belgium, for which liability was assumed by Germany under the Treaty of Versailles, and the war debt of Russia, in regard to which no settlement had been reached. The Allied war debts owing to Britain had been settled on terms corresponding to the remission of about 65 per cent, of the debt, except in the case of Italy, in which case the remission was equivalent to 86 per cent. The amount received by Britain on account of war debt payments to date was £71,230,000.
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Waikato Times, Volume 110, Issue 18394, 30 July 1931, Page 7
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153EUROPE’S WAR DEBTS. Waikato Times, Volume 110, Issue 18394, 30 July 1931, Page 7
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