Oral Answers to Questions — Loans, Allies and Dominions.

– in the House of Commons on 10th May 1922.

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Photo of Mr Robert Richardson Mr Robert Richardson , Houghton-le-Spring

95.

asked the Chancellor of the Exchequer whether the loans to Allies and Dominions, amounting as at 31st March, 1922, to £2,017,461, are all repayable in the United Kingdom sterling or whether any are repayable in the currency of the nations to whom the loans were lent; and, if so, in what currencies?

Mr. YOUNG:

The loans to Allies and Dominions are all repayable in sterling, with the exception of an amount of $16,974,000 due from Austria in respect of relief supplies and an amount of $37,227,602.36 due from France, which are repayable in United States dollars. In the Financial Statement these sums are converted into sterling at par.