BRITAIN’S OBLIGATIONS

Waikato Times, Volume 112, Issue 18805, 29 November 1932, Page 7

BRITAIN’S OBLIGATIONS

THE AMOUNT INVOLVED

£19,111,000 CAPITAL & INTEREST.

QUESTION IN THE COMMONS.

(Official Wireless.l (Received Nov. 29, 12.30 p.m.) RUGBY, Nov. 28. The Financial Secretary of the Treasury, Mr L. llore Belisha was asked in the House of Commons what amount of the debt due to the United States from Britain in December was interest and what amount constituted the repayment of capital, expressed in gold pounds, and whether under the existing agreement Britain had the right to postpone payment of the latter until a future date. 'Mr L. -Ilore Belisha, stated that the instalment due in December was 30,000,OQO dollars (£6,000,000) in respect of capital and £65,550,000 dollars (£13,110,000) in respect of interest. The payment in respect of capital could, under the existing agreements, be postponed for not more than two years, provided not less than ninety days’ advance notice had been given. Such advance notice had not been given in the present case. The United States Treasury may under the agreement waive such notice at its discretion. DEBATE UNDESIRABLE. PRIME MINISTER’S OPINION. (Oftlclal Wireless.! (Received Nov. 29, 12.30 p.m.) RUGBY, Nov. 28. Asked whether the House would be consulted before any further payment of war loan or interest was made the Prime Minister said if a request' for a discussion of the matter was made through the usuail channels it would receive careful consideration, but it would not be in the public interest to have a debate at the moment.