FRANCE AS A LENDER

Evening Post, Volume CVII, Issue 61, 15 March 1924, Page 16

FRANCE AS A LENDER

OPINIONS OFIP-ARISIAN NEWS-

PAPERS.

. The "Temps"; last month defended France's, loans "to Poland, J[ugo-Sluvia, and-Rumania as a reply to British.'demarches which, it said, have not been officially made to France, but to Centra! European capitals. 'It said England's complaint and argument is that France lends these, countries money and the latter give France -guarantee's of repayment, while all 'say they arc unable "to. pay their-, debts to England. "It is England itself,.the "Temps"- say[;,-..\vhii;u•■ lias refuted .such an argument,- and quotes Mr. Lloyd George.and Mr. j'. M.-.Kcynes as saying that there is a profound difference between tho intsrmu and external payments of a country. Germany's internal payments for rebuilding her mercantile marine, etc., are not considered by English authorities as in iiy.y way related to the possibilities of paying, reparations, and the '•Temp.-/' argues that the loans France- is now making aro concerned with internal payments, as they are destincfd to pay for purchases made in.France. Because Fiai/te is able to advance capital to be employed in France itself, she is not therefore able to acquit her gigantic external debts towards England and the United States. Before France can pay inter-Allied debts .she must receive, directly or indirectly, from Germany the money due for the reconstruction of the devastated regions. Countries which arc; borrowing from France want money liecaufco they must arm to guararrtoi: llreir frontier;-, and the "Temps" mai)i!;]in=-- that this is England's fault-. Thanks t-j filmland's policy of balancing prv.vei- in Kurupo, p'eMcv; "cm 'jlie Coniincut is not yet siifTin'piit.lv wmnlirlntcd.