FRENCH WAR DEBT.
FUND] NG NRGOTI ATI ONS
BREAKDOWN REPORTED
OFFER. 1N ADEQ U ATE
BY CABLE—PRESS ASSOCIATION—COPYRIGHT Received July 31, 2.10 p.m. LONDON, July 30. The Daily Telegraph states that the French war debt negotiations broke down to-day, the British treasury reg aixl;ing the French offer las inade-
quate. . ’ The otter represented an annual payment of one per cent, on 1 ranee s war debt of six hundred millions to Britain, whereas Britain funded her debt to America on a 'basis of 3f per cent. France is still labouring, under the delusion that Britain does not need the money, but is merely asking on political grounds. France is now enjoying a favourable trade balance which should enable her to make a fair offer and effect the necessary transfers.— A,us.-N.Z. Cable Assn.
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Hawera Star, Volume XLV, 31 July 1925, Page 9
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132FRENCH WAR DEBT. Hawera Star, Volume XLV, 31 July 1925, Page 9
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