FRENCH WAR-DEBT

Evening Post, Volume CV, Issue 150, 29 June 1928, Page 9

FRENCH WAR-DEBT

PAYMENTS TO BRITAIN UNRATIFIED AGREEMENT CHURCHILL EXPLAINS British Official Wireless. KUGBY, 28th June. Questioned in the House of Commons to-day as to l!io non-ratification by the French Government of their Debt Agreement. with Britain, the Chancellor of the Exchequer, Mr. Churchill, said that he had no intention of nuking representations thereon to M. Poincare, as such a course he would consider unsuitable. Explaining the position, he said: "When we signed the Debt Agreement and accepted a large abatement of' pur - claim, it was on the definite understanding that tho. French Government should make itself responsible for securing thfe ratification of the agreement as soon as possible. When M. Poincare formed his Government, it was assumed that he accepted this understanding. Nothing that has. since passed justifies the suggestion that tho intentions of the French Government have been in any way altered. In the meantime the payments due under the Agreement for the financial, year 1926-27 have been duly met and the French Government has undertaken to pay £8,000,000 duo in the current financial year, half, on 15th September next and half on 15th March next." .