WAR DEBTS
TERMS OF FRENCH OFFER. WASHINGTON, April 24. There are definite indications that the new French debt offer goes further towards meeting America’s demands than the unsuccessful Caillaux mission of last summer. At that time a settlement programme extending over 68 years was advanced by M. Caillaux, but it is understood that this will be reduoed to 62 years as a basis of agreement for other debtor nations. It is understood that France does not insist upon a guarantee clause relieving her of payment in the event of Germany failing to meet her reparation payments to France. It is further understood that France is ready to pay 25,000,000 dcllars annually including tins year, and to guarantee payments to 100,000,000 dollars annually so as to meet the full debt. OBLIGATIONS TO AMERICA. WASHINGTON, April 23. France to-day submitted a new offer for the settlement of her war debt to the United States, which amounts to 400,000,000 dollars, and this is now being examined by experts. THE ITALIAN SETTLEMENT. WASHINGTON, April 23. The Senate refused to reconsider its approval of the Italian war debt settlement arrangement, thus completing Congressional action on the agreement which will come into force when it is signed by President Coolidge. FRENCH DEBT TO BRITAIN. LONDON, April 24. A mosj, important announcement ref aiding international affairs came from 'aris last night. The message said that the French and British Governments had entered into negotiations with a view to concluding arrangements of a provisional and limited character by which certain payments by France can be included in Mr Churchill’s Budget. It is added that this arrangement will in no way interfere with the proposed visit to London. Strange to say no inkling of this accommodation leaked out on this side. If it is true it would account for Mr Churchill’s serenity in the face of Budget speculations. If even small French payments begin immediately they would obviously have a most important bearing on the Budget.
Permanent link to this item
https://paperspast.natlib.govt.nz/newspapers/OW19260427.2.130
Bibliographic details
Otago Witness, Issue 3763, 27 April 1926, Page 34
Word Count
327WAR DEBTS Otago Witness, Issue 3763, 27 April 1926, Page 34
Using This Item
Allied Press Ltd is the copyright owner for the Otago Witness. You can reproduce in-copyright material from this newspaper for non-commercial use under a Creative Commons New Zealand BY-NC-SA licence. This newspaper is not available for commercial use without the consent of Allied Press Ltd. For advice on reproduction of out-of-copyright material from this newspaper, please refer to the Copyright guide.
Log in