TO PROTECT FRANC.

Grey River Argus, 24 February 1927, Page 5

TO PROTECT FRANC.

FRENCH PREMIER’S PAYMENT. OF £6,000,000 TO BRITAIN.

(Reed. Feb. 23 at 8 p.m.) LONDON, Feb. 22.

The Paris correspondent of “The Times’’ states: —At a meeting of the Finance Committee of the Chamber of Deputies, Mr Malvy (President) - read from Premier Poincare a letter replying to protests made against his proposal provisionally to pay to Britain the first six millions sterling on account of the French war debt, although the Chamber had not yet ratified the CaillauxChurchill agreement. M. Poincare, in his letter, declared that he had stipulated that this payment to’Britain should in no way ■prejudice, the French Parliament’s rigjit to ratify or reject the aforesaid agreement. Tim Premier claimed that, -ince there was no question of' repudiating the British debt, he was fully justified in making this payment of £6,000,000 without Parliamentary authority.