asked the Chancellor of the Exchequer what is the amount of the debt to the United States of America; and how much it has been reduced since 1st April, 1922?

The principal of the debt owing to the United States Government amounts to-day to $4,135,818,358; in addition, accrued interest amounting to $611,018,685 remains unpaid. Since 1st April, 1922, $30,500,000 of principal has been repaid in addition to $101,525,000 mainly for interest. It remains to be settled whether any part of the last payment of $50,000,000 on this head, made on the 15th instant, is to be regarded as repayment of capital.

Is the interest at the rate of 5 per cent.?

I shall want notice of that question.