Debt Payments

Britain was scheduled to make on June 15 her quarterly payment of $68,160,000 for interest and sinking fund charges on her debt to the U. S. Treasury. Including this instalment, Great Britain will have paid back $228,000,000 on her original debt of $4,604,128,085.

The interesting feature of the payment was not so much its amount— that is in accordance with a regular schedule for future debt retirement— but the form in which the payments were to be made. In negotiating her debt agreement with the U. S. Treasury, Britain was allowed to make her...

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