NO REVENUE YET FROM WAR DEBTS.
AGREEMENT PROTECTS ITALIAN CURRENCY. By Telegraph.—Press Assn.—Copyright. Reuter's Telegrams. (Received January 29, 10.50 a.m.) LONDON, January 28. An atmosphere of great cordiality marked the conclusion of the Italian debt negotiations. The total debt to Britain was £611.000.000 against which Count Yoipi claimed a refund of £22,000,000 for gold deposited in London during the war. Mr Churchill, at the ceremony of signing the agreement, declared that Cabinet allowed him wide latitude in order to give consideration to AugloItalian friendship. It is noteworthy that the agreement in no wise was mixed up with the reparations. A clause in the agreement protects Italian currency in the event of abnormal depreciation, due to payment on debts abroad, while in the event of Britain receiving more from reparations and Allied debts than she has paid to America Italy’s share of such surplus will be credited against future payments. Mr Churchill, in the course of an interview, however, said that Britain up to the present had paid £100.000,000 and had received £25.000,000 from reparations, while so far nothing had come from war debts.
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Star (Christchurch), Issue 17757, 29 January 1926, Page 7
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183NO REVENUE YET FROM WAR DEBTS. Star (Christchurch), Issue 17757, 29 January 1926, Page 7
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