Part of Oral Answers to Questions — Education. – in the House of Commons am ar 17 Ionawr 1924.
Mr. CHAMBERLAIN:
While it is not possible to identify precise purchases of dollars with particular payments, it may be taken that the approximate rate for the dollars used to meet the December instalment of the debt to the United States of America was $4.58 to the £. Further, the payment was actually made in Liberty Bonds, purchased at a discount.
