National Debt Interest)

68.

Mr. TILLETT
asked the Chancellor of the Exchequer the total amount of interest paid annually on the National Debt?

Mr. BALDWIN
Full details of the interest paid on the National Debt are given in the annual Finance Accounts. The Budget Estimate for the current year is £335,000,000.

Mr. W. TH0RNE
Is the full amount of the debt and interest we owe to America included in that statement?

Mr. BALDWIN
Yes, but my hon. Friend will remember that the full amount of interest on the American debt is not payable until next year.

Mr. THORNE
Then will the full weight come on us next year?

Mr. BALDWIN
Yes.

Mr. THORNE
Look out for taxation in that case!