Ottoman Guaranteed Loan, 1855.

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

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Photo of Colonel Josiah Wedgwood Colonel Josiah Wedgwood , Newcastle-under-Lyme

54.

asked the Chancellor of the Exchequer whether the interest on the Turkish Loan of 1855, guaranteed by France and Great Britain, is still being paid by this country or our Dependencies, or whether France is paying a part; and whether the payment has to be made in gold, or in sterling, or francs?

Photo of Mr Philip Snowden Mr Philip Snowden , Colne Valley

There has been no change in the position in regard to the Ottoman 'Guaranteed Loan of 1855, other than that referred to in the reply given to the right hon. and gallant Member on 1st May, 1929; the interest on the loan is payable in sterling.

Photo of Colonel Josiah Wedgwood Colonel Josiah Wedgwood , Newcastle-under-Lyme

Would this not be rather a good opportunity to ask France to bear her part in paying the interest?

Photo of Mr Philip Snowden Mr Philip Snowden , Colne Valley

I am always willing to take advantage of every opportunity if there is a prospect of relief to the British Exchequer.