DEBTS TO AMERICA.
PAYMENT BY FRANCE. By Telegraph.—Press Assn.—Copyright. Received Sept. 14, 5.5 p.m. Washington, Sept. 13. Mr. Hurley, a member of the debt funding commission, has returned from Paris, where he discussed the problem with French officials- He has submitted to Mr. A. Mellon (Secretary for the Treasury) a plan for the settlement. of the French debt to America, informing Mr. Mellon that he found the French favourable thereto. The plan basically provides for the payment of the debt within sixty-seven years at the rate of a hundred million dollars annually, with interest, and tffe agreement of America to re-invest half the annual payment in French industrial bonds. The total French debt is 3500 million dollars.
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Taranaki Daily News, 15 September 1924, Page 5
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117DEBTS TO AMERICA. Taranaki Daily News, 15 September 1924, Page 5
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