BRITAIN’S FRENCH BONDS
AMOUNT OF £720,960,000 HELD SECURITY FOR WAR DEBT British Official Wireless Reed. 11 a.m. RUGBY, Tuesday. Tlie Chancellor of the Exchequer, Mr. Winston Churchill, was asked whether the Treasury still held the sterling bonds for the full amount of the French debt to Great Britain, and whether in the absence of ratification by the French Government of reduced terms, these bonds were still regarded as security for the whole debt. Mr. Churchill replied in the affirmative. and said the amount of French Treasury bills held was £720,960,000. The interest on these bills fell due in varying instalments on the first day of each month. The Chancellor of the Exchequer stated that the total amount of donations received for extinction of the National Debt was £1,290,000.
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Sun (Auckland), Volume III, Issue 651, 1 May 1929, Page 9
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128BRITAIN’S FRENCH BONDS Sun (Auckland), Volume III, Issue 651, 1 May 1929, Page 9
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