IS FRANCE HARD UP?

Hawera Star, Volume XLV, 16 October 1925, Page 10

IS FRANCE HARD UP?

AMERICA THINKS NOT. NO MORE DOLLARS AVAILABLE BY CABLE—PRESS ASSOCIATION—COPYRIGHT. WASHINGTON, Oct. 14. Assurances that American bankers will not lend money to foreign governments against the Administration’s wishes were gven to President Coolidge by Representative Hamilton Fish, of New York, Republican member of the House of Foreign Affairs Committee, at a Vanite House conference. Representative Fish sharply criticised the tentative French debt settlement, declaring that it was a virtual plea of bankruptcy, and not consistent with a nation waging two wars at tremendous cost, nor with the payment of seven per cent, to eight per cent, interest on private ’ bankers’ loans. France’s large military appropriations, and the refusal of France co ratify the agreement would cause the "United States to demand that no more American dollars be loaned to the French until the war debt is funded. He indicated that Britain and other European Governments were paying three and a-half per cent interest and may ask equal terms if a lower rate is granted to France.