Oral Answers to Questions — German Reparation. – in the House of Commons am ar 28 Gorffennaf 1925.
Mr Herbert Williams
, Reading
asked the Chancellor of the exchequer the total amount paid by Germany in reparation up to the 30th June, together with the share credited to this Country?
The FINANCIAL SECRETARY to the TREASURY (Mr. Guinness):
The total payments by Germany in cash or kind distributed by the Reparation Commission between the Allied Powers on account of reparation up to the 30th June is, approximately, £160,000,000. This excludes sums allocated to the costs of Armies of Occupation and other prior charges, sums un- allocated, and also the receipts resulting from the occupation of the Ruhr, for which the accounts are not yet settled. Of the above total, the amount debited against the British Empire is approximately £25,000,000, of which the share of the United Kingdom is approximately £22,000,000.
Mr Herbert Williams
, Reading
Does the total include the value of State properties in transferred territories?
The chancellor of the exchequer is the government's chief financial minister and as such is responsible for raising government revenue through taxation or borrowing and for controlling overall government spending.
The chancellor's plans for the economy are delivered to the House of Commons every year in the Budget speech.
The chancellor is the most senior figure at the Treasury, even though the prime minister holds an additional title of 'First Lord of the Treasury'. He normally resides at Number 11 Downing Street.
