The figure of $4,260,000,000, to which the hon. and gallant Member refers, is the amount of debt due to the United States Government. It does not include loans borrowed in America otherwise than from the American Government. Under the Anglo-French Loan Act Great Britain is responsible jointly and severally with the French Government for a loan of $500,000,000, exclusive of this sum and of the direct debt to the United States Government. The further loans due in America amount to approximately $606,000,000.