WAR DEBTS

Hokitika Guardian, 4 March 1933, Page 2

WAR DEBTS

BRITAINS PAYMENTS TO U.S.A. EXCEEDS AMOUNT RECEIVED • ‘ ‘Taking interest into account, -the British taxpayer has paid to the United imitates under the funding agreement a sum of about* £230 millions over and - above the amount received .from his debtors,” ,says. .Barclay’s Rank ■ Review. “As far as-war debts, alope are concerned, the United States , made loans' . amounting to approximately <£2055 millions, while the United -Kingdom made similar loans of £I6OO millions. j , Including the payments: made on' December..l-5,, the . United States, has received for the benefit of its taxpayers'; £’456 1 millions, representing 18 dollars (£3 13s 9d) per'head of the population; the,United Kingdom has received for the benefit of its taxpayers," nothing, has passed on.all receipts to 'the United Stated/ and,. al-i lowing fori interest, has .paid out of the pockets of .its taxpayers to the United States approximately £230 millions, or about £5 for every man, womaniani| child in the country. \ . j Moreover, as one of the recent British Government Notes observed, .while Great Britain’s share is only 40 1 per cent, the- payments which . ghe has made to, that country equal 80 per cent of the total American receipts.?’