LEAGUE OF NATIONS
WORLD'S ENORMOUS DEBT
AN INTERNATIONAL MARKET. AUDACIOUS FRENCH PROPOSAL. • Pxeai Association—By Telngiaph—Copyright. GENEVA, September 8. M. La Fontaine made a remarkable proposal to thp League of Nations, which he himself characterised as audacious. He said the world was suffering from enormous debt. A year's interest at 5 per cent, was 61 milliards of francs, of which only 11 per cent, was pre-war debt. It was not right that those who had lost most should be sufferers, while neutrals became richer. He wanted the whole debt to become the debt of the League, with the creation of an international market.—A. and N.Z. Cable.
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Otago Daily Times, Issue 18348, 12 September 1921, Page 5
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105LEAGUE OF NATIONS Otago Daily Times, Issue 18348, 12 September 1921, Page 5
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