RUSSIA MAY PAY FRANCE DEBTS OWING.
RAKOVSKY ANXIOUS TO SIGN AGREEMENT. By Telegraph.—Press Assn.-r-Copyright. Aus. and IC.Z. Cable Association. (Received April 26, 11.20 a.m.) PARIS, April 25. N egotiati ons which have been quietly conducted for some time, aiming at the settlement of the Russian debt to France. seem to verge on a successful outcome. M. Litvinoft stated that the conversations had entered the business
stage. Both parties had worked out concrete proposals which hitherto had been widely separated. French newspapers trace the progress of the discussion, which first postulated the establishment of a Debt Redemption Fund by means of contributions by the exporters and importers of both countries, graduated according to the volume of trade, and state that France requested the Soviet to pay a lump sum equal to 25 per cent of the value of Russian bonds. The Soviet was not favourably disposed to this, but on the contrary insistently demanded credits. Frenchmen, however, are of the opinion that M. Rokovsky is not inclined to risk a failure like that of London, and is doing his utmost to take back a signed agreement to Moscow.
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Star (Christchurch), Issue 17830, 26 April 1926, Page 9
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187RUSSIA MAY PAY FRANCE DEBTS OWING. Star (Christchurch), Issue 17830, 26 April 1926, Page 9
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