SOVIET? DEBTS
OWES £900,000,000 TO GREAT BRITAIN
TALKS ABOUT SETTLEMENT
Reed. 12.10 p.m. RUGBY, Thursday. Replying to a question in the House of Commons, the Chancellor of the Exchequer, Mr. Philip Snowden, said the sum due by the Government of Russia to this country on March 31 last amounted to £900,000,000. Up to the present time, no suggestion had been received from the Soviet Government regarding the funding of this debt, but it would be among the questions to be discussed in negotiations with the Soviet Government, which were to take place shortly.* Money lent to Russia during die war was borrowed by the British Government at over 5 per cent., ’and the annual sum now paid by the taxpayers in interest accordingly amounted to over £45,000,000.
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https://paperspast.natlib.govt.nz/newspapers/SUNAK19300523.2.115
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Sun (Auckland), Volume IV, Issue 979, 23 May 1930, Page 11
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127SOVIET? DEBTS Sun (Auckland), Volume IV, Issue 979, 23 May 1930, Page 11
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