57. Mr. RUNCIMAN
asked the Chancellor of the Exchequer if he will state what are the approximate amounts of British War Loans, Exchequer Bonds, and War Bonds, respectively, estimated to be held in the United States of America on the 30th of June, 1918; and what was the amount of other debt held by persons and institutions in, and by the Government of, the United States on that date?
§ Mr. BONAR LAW
I have no figures for the amount of British Government sterling obligations held in the United States, but the figure is believed to be insignificant. The amount of dollar obligations for which the British Treasury is ultimately responsible issued during the War to persons and institutions in, or to the Government of, the United States up to the 30th June was $4,245,418,000, or, say, £891,000,000 at the present rate of exchange. This includes any small amounts which may have been subsequently transferred to Canadian or other investors outside the United States.