Honorable Britain

Great Britain last week made on time its eighth semi-annual payment of War debt interest (this time $67,950,000), and its fourth annual payment of principal (this time $25,000,000), $92,950,000 in all. Seven other nations: Belgium, Czechoslovakia, Esthonia, Finland, Hungary, Lithuania, Poland, made payments totaling $3,568,418 more.

Great Britain is by far the largest War debtor to the U. S., and other payments so far are trifling compared with hers. She funded her obligations first and has gone farthest in meeting them. The amount of principal and interest to date received is $642,730,000.

Instalments on principal fall due annually in December. In 1927, as this year, Great Britain will pay $25,000,000; by 1933, $32,000,000; 1937, $37,000,000; 1947, $51,000,000.