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Ussr (Debts To Great Britain)

Volume 440: debated on Thursday 24 July 1947

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asked the Chancellor of the Exchequer the sum owing by the U.S.S.R. to Great Britain, including the assessment of services rendered during the war; and how much of any money owing by the U.S.S.R. has been written off.

Something over £1,000 million, of which more than £900 million are pre-revolution debts, and about £100 million are for civil supplies and services since 1941. Nothing has been written off but military equipment supplied during the last war on mutual aid terms amounted to over £300 million.

The next time His Majesty's Government have negotiations with Mr. Stalin will they bring forward these figures with a great deal more force than the Treasury have done, on the credit side of Great Britain?

I think the U.S.S.R. are very well aware of the position, and negotiations are constantly taking place. There is, as the House knows, a mission in Moscow now. and undoubtedly the financial situation between the two countries has been discussed.

On the analogy of the right hon. Gentleman's previous answer, is he claiming that no loss has been incurred, and that we have not tried to get the money back?