WAR DEBTS.
BRITAIN’S CONCESSION. MINIMUM AGAIN REDUCED. OFFER TO FRANCE. BY CABLE—PRESS ASSOCIATION—COPYRIGHT. Received August 27, 12.25 p.m. LONDON, Aug. 26. It is officially announced that the Chauce'lor of the Exchequer, Mr Winston Churchill, has offered to accept £12,500,000 annually for 62 years from France-. —A. and N.Z. Assn. Britain’s loans to her Allies at March 31, 1924, stood as follows: — £ France 623,279,000 Russia 722,456,000 Italy 533,300,000 Serb - Croat - Slovene Kingdom (including Montenegro) ■ 28,481,000 Poland 95,000 Rumania 24,778,000 Portugal 21,544,000 Greece 23,355,000 Belgian Congo 3,550,000 The French Premier, M. Painleve, speaking at the annual banquet of the American Chamber of Commerce in Paris on American Independence Day, said France had never dreamed of denying her debts. Notwithstanding her heavy losses in the war, she would do all that was possible to meet her obligations. All she asked of her American friends was to examine with her representatives the limits of that possibility. M. Briand had spoken in a similar vein at an official, luncheon given at the Quai d’Orsay the day before to the American delegates to the Exhibition of Decorative Arts. There was, he said, a campaign to misrepresent France as a militarist nation, without honour,, who sought to avoid payment of her debts. France, on the contrary, recognised her debts- as sacred, and wished to settle them within the limits of her financial means. The French Government had, indeed, decided to send a delegation across the Atlantic to discuss methods for the payment of the debts +-o the United States.
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Hawera Star, Volume XLV, 27 August 1925, Page 9
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252WAR DEBTS. Hawera Star, Volume XLV, 27 August 1925, Page 9
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