BRITISH WAR DEBT
CLEARING OFF ARREARS
British OfflcUl Wireless.
EUGBY, 3rd December. Answering Parliamentary questions as to when the arrears of £146,000,000 paid by Great Britain to the United States would be cleared off if all the Allied debts and reparations as arranged at the Hague Conference were paid on the due date, tho Chancellor of the Exchequer, Mr. Snowden, replied:— "The League agreement $»ives us advantages worth approximately *2,000,----000 a year for 37 years as a set-off against the accumulated deficit between our receipts and our debt payments in the past. But that deficit will at no time be fully covered, and would not have been covered if the Dawes Plan had continued in operation."
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Bibliographic details
Evening Post, Volume CVIII, Issue 136, 5 December 1929, Page 9
Word Count
116BRITISH WAR DEBT Evening Post, Volume CVIII, Issue 136, 5 December 1929, Page 9
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