Loans in Foreign Currency (Interest).

Part of Oral Answers to Questions — National Finance. – in the House of Commons on 5th October 1931.

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The amount of interest payable on loans made in foreign currency varies from year to year. It amounted to nearly £29,000,000 last year, but is reduced to about £15,000,000 this year and next year as a result of President Hoover's plan. The reply to the second part of the question is in the affirmative, and to the last part in the negative.