Miscellaneous - This Day That Age   

dated July 8, 1959: Pre-partition debts

Prime Minister Nehru, whose attention was drawn to the forth-coming Indo-Pakistan talks on partition debts at his Press conference in New Delhi on July 7, said that he could not discuss the question in detail. “Some things are, however, obvious. One is that the national debt of pre-partition India was taken over entirely by India on condition that the Pakistan part of it would be paid back to India after five years. But nothing has been paid back. Then there are a number of other charges, minor and other things, which have to be considered separately.”

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