BRITISH WAR DEBTS
PAYMENTS EXCEED RECEIPTS BY £24,900,000
By Cable.—Press Association.—Copyright. LONDON, Tuesday.
The Chancellor of. the Exchequer, Mr. Churchill, stated in the House of Commons that Britain, in the year 1926-27, had received in war debt payments £8,200,000 and had paid to the United States £33,100,000. The maximum sum in war debts due to Britain in any year under the funding agreements was £20,000,000 and the maximum payable to the United States was £38,000,000.
Britain’s reparation receipts in the year 1926-27 totalled £9,500,000. In the current year. she would receive £14,500,000. When the full annuities were paid under the Dawes plan she would receive £20,000,000. It must be pointed out that the Government had undertaken to limit Britain’s war debt claims against the Allies to a sum which, together with reparation receipts, would cover her payments to .the United and N.Z--Sum
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Bibliographic details
Sun (Auckland), Volume I, Issue 204, 17 November 1927, Page 11
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142BRITISH WAR DEBTS Sun (Auckland), Volume I, Issue 204, 17 November 1927, Page 11
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