The British Trade and Financial Situation

Report Outline
British National Finance
Condition of British Export Trade
Unemployment in Great Britain
Future British Trade Development
Special Focus

Great Britain on June 15 will pay $67,950,000 in interest on her war debt to the United States, representing about one-third of the total amount the Treasury is scheduled to receive during the calendar year 1926 from European debtors.

Payments on the British war debt to date have aggregated $1,042,008,298. Since the funding of the debt in 1922, the British Government has made every payment of principal and interest according to schedule. No advantage has been taken of the option contained in the funding agreement which would permit the postponement of any payment of principal for a period of two years.

The British payments have been made in the face of adverse trade conditions, depression in the principal British industries, recurring labor troubles and widespread unemployment. Although Belgium, France and Italy all have been given better terms in the agreements for funding their indebtedness to the United States, no suggestion has yet come from London of a desire to revise the British funding agreement.