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Nitti, Francesco Saverio, 1868-1953

"Peaceless Europe"

The figure has considerably
increased since then.
According to the _Statist_ (August 6, 1921) the Allies' debt to the
United States on March 31, 1921, amounted to ten milliards and 959
million dollars, including the interests, in which sum Great Britain
was interested to the sum of 4,775 million dollars and France for
3,351 million dollars. But the _Statist's_ figures, in variance to the
official figures, include other debts than strictly war debts.
The debts of the various allied countries' to Great Britain on March
31, 1921, according to a schedule annexed to the financial
statement for 1921-22, published by the British Treasury, came to
L1,777,900,000, distributed as follows: France 557 millions, Italy
476 millions, Russia 561 millions, Belgium 94 millions, Serbia 22
millions, Portugal, Rumania, Greece and other Allies 66 millions. This
sum represents War debts. But to it must be added the L9,900,000 given
by Great Britain for the reconstruction of Belgium and the loans
granted by her for relief to an amount of L16,000,000.


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