THE WORLD'S CREDITOR
EUROPE’S DEBTS TO AMERICA, , ,-0\ vf ' “ ARRANGING TERMS OF REPAT- . . MENT. ’ '' -- Mi Press Association—By Telegraph.—Copyright, < / WASHINGTON, Jaimaiy ’i£"' V .} (Received Jan. 17> at The Senate has adopted the resolution asking the State 1 furnish the Senate'with information Ye- ; garding the expenditure, revenue, and deficits of the European States: with data regarding the cost of land armaments in comparison with the deficits end the sums owed to the United States. The Senate Committee -■ had favourably reported on the Foreign Debt' Refunding Bill, providing for the ,„collec-, tion of IX billion dollars loaned 'to4 the" Allies. The Bill creates a Commissiotr'of' . live to arrange the terms whereby; ,tho . debt shall «be paid. The coinnntteV ; eliminated certain provisions to which, the ' “ Treasury objected—namely, for tho -eemi-’ annual* collection of the interest and-fp# ; fixing the rate at not less than the highest' '! rate paid for Liberty Bonds. The com,, mittee will hawe power to arrange ;bothmatters. ' ''' *;"■' ,)1 The measure provides that bo»<hvwio . which the debt may be convertible-Jabalb mature in ,1947, when the longest- . Loan matures.—A. and N.Z. Gable. * •< wit -V
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Bibliographic details
Otago Daily Times, Issue 18456, 18 January 1922, Page 5
Word Count
180THE WORLD'S CREDITOR Otago Daily Times, Issue 18456, 18 January 1922, Page 5
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