WAR DEBTS

Northern Advocate, 10 February 1925, Page 5

WAR DEBTS

THE CHURCHILL SCHEME. HERRIOT FAVOURABLY IMPRESSED. CABINET'S WHOLE ATTENTION. (Received 9.5 a.m.) LONDON, February 9. The "Morning Post's" Paris correspondent states that official quarters regard Mr Churchill's Note as an entirely frank and friendly statement. M. Herriot is genuinely pleased. Experts are now examining the effects of tire scheme. —Reutcr. FRIENDLY BASIS. FISCAL ADJUDICATION. ';. (Received 11.20 a.m.) PARIS, February 9. It is semi-officially stated that the Government will give its whole attention to the British Note, with a strong desire to find a basis for friendly discussion. Consideration of the Note will probably require some time before pursuing discussion on the basis of the British suggestion. It must first be considered what figures might be taken into account in respect to the two methods of repayment suggested. For example, the sum of 200,000,000 francs, deliveries in kind, under the Dawes scheme has been promised to representatives of the devastated region. This must "be borne in mind when the question arises, estimating amounts which might eventually be appropriated to repayment of Britain from the yield of the Dawes plan. Also the negotiators must draw up a fair balance slowing the wealth of France compared with pre-war and compared with other nations, and the financial efforts of France in relation to the efforts of other countries and her financial capacities. Possibly, after all the necessary data have been collected, the Premier, the Finance Minister or both may go to London to directly negotiate with Mr Baldwin or Mr Churchill. —Reuter.