Silver (War Supplies, United States)

76.

Mr. WISE
asked the Chancellor of the Exchequer the amount of the debt incurred for the sale of silver during the War from the United States of America: and if it has been reduced since 1st April, 1922?

Mr. BALDWIN
The answer to the first part of the question is 122,017,633.57 dollars, of which 30,517,633.57 dollars was paid off before 1st April, 1922, and 30,500,000 since, with interest in addition at 5 per cent, in each case, leaving a balance of 61,000,000 dollars due in respect of capital. Arrangements have been made to repay this amount within the next two years.