sentences:  America offered $US 3.75bn (US$ billion in 2020) and Canada contributed another US$1.19 bn (US$ billion in 2020), both at the rate of 2% annual interest.The total amount repaid, including interest, was $7.5bn (£3.8bn) to the US and US$2bn (£1bn) to Canada.The loan was made subject to conditions, the most damaging of which was the convertibility of sterling.