CANNOT MEET WAR DEBTS
FORMULA FOR REPARATIONS
MAY REDUCE CLAIMS ONEFOURTH.
(BfflTIK PRESS ASSOCIATION—COPTIUaHK)
(ADSWIAEIAN - SEW ZEALAND CABLS ASSOCIATION}
(Received 14th October, 9 a.m.)
PARIS, 12th October
A high authority in the Ministry of Finance, explaining France's financial outlook, says A "There is not the slightest possibility of France meeting any portion of'her war debts or the interest thereon for the next four years, as all receipts iriust be devoted to rebuilding the devastated regions.
"France could not accept any suggestion that her promise to pay on demand should be replaced by a series of securities fixing definite dates for repayment of principal and interest.
"France is earnestly seeking a formula for the settlement of European debts and reparations, and will probably submit a _ detailed scheme to the Inter-Allied Financial Conference at Brussels; suggesting the fixing of Germany's indebtedness on the basis of reparations only, wiping out pensions, allotments, ' and claims.
This would redoes France's chum by a quarter.
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https://paperspast.natlib.govt.nz/newspapers/EP19221014.2.32.1
Bibliographic details
Evening Post, Volume CIV, Issue 91, 14 October 1922, Page 7
Word Count
159CANNOT MEET WAR DEBTS Evening Post, Volume CIV, Issue 91, 14 October 1922, Page 7
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