The Archive · 1928

BRITAIN'S WAR DEBT

AMERICA

Cheque for a Few (Cents and Large Quantity of Securities New York, June 15.

A cheque made out in cents—the amount is considerably less than a dollar—will be turned over to the United States in behalf of Great Britain to-day as part of a transaction by which the British Government will pay this country $67,200,- 000 as an instalment on its" war debt. The remainder of the amount will be paid in the form of United States Government securities, which have been purchased over @ considerable period for British account in the open market. So expertly and accurately have the purchases been carried out that the differenc between the amount of securities held for surrender by Great Britain to this country and the amount duo under the debt schedule on June 16 amounted only to pennies, and a check was made out to complete the transaction.

Foreign debt payments made to the United States Government to-day will total about $90, 000,000 and will include an instalment of more than $11,000,000 from France and smaller payments by half of a dozen other natjons.—

Reuter,

Text read from the printed page and cleaned; old type leaves the occasional error.

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