DEBT FUNDING
FRANCE’S LIABILITY. TO AMERipA. BY CABLE—PRESS ASSOCIATION—COPYRIGHT WASHINGTON, Sept. 13. Mr. Hurley, a. member of the debt funding commission, has returned from Paris, where lie 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. Miellon that he found the French favourable thereto. The plan basically provides for the payment of the debt within sixtyseven years at the rate of a hundred millions dollars annually, with interest, and the annual payment in French industrial bonds. The total French debt is 3500 million dollars
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Hawera Star, Volume XLVIII, 15 September 1924, Page 9
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104DEBT FUNDING Hawera Star, Volume XLVIII, 15 September 1924, Page 9
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