THE FRENCH DEBTS

Hokitika Guardian, 18 September 1925, Page 1

THE FRENCH DEBTS

DEPUTATION TO U.S.A. [Australia A N.Z. Cable Association.j RAULS, Sept. 10. XL Caillaux and the members of the French Debt Funding Cnmini—ion have departed for the I piled Slates. XI. ('a i I lans' - numerous retinue includes four Senator.-, lour deputies, and three tinamial experts. M. (.all Unix, interviewed, -atd he was sanguine of an equitable settlement, on ai count of tlm traditional Anglo-Saxon spirit of fair play. L< iNDON. S apt. I 7. Tim Daily Chronicle's Paris corri -- pendent -tales. XI. Caillaux'- mission to \mctira. in addition to tt- - Intuitions dossiers mi tm debt quo lion, took a goodly supply of champagne. and same ot the rhoii-cst vintages of Bordeaux ami Burgundy. Ihe \vdne-gro'i or.- have p, resented these. A- the Xli-'inn enjoys diplomatic immunity. Uncle Sant's prohibition agents arc not- entitled to interfere. WASHINGTON. Sept. It;. The sentiment in American administration and congri'.s.-ttimtl circles appear- to lie against giving France more favourable terms ol settlement hr Iter debt than were extended to Great Britain, with the out' exception that America may grant a moratorium to enable Frnace to si.raighteu her affairs. Senator Borah -ay- Ihe debt -haul I Ik* funded on the lui-is ol f'he British .settlement. LONDON. Sept. 17. Referring' in XL Caillaux’s statement. Xlr Churchill at- Birmingham, said: “I was asked in the summer hy a prominent- American ollicial whether Britain would complain il tim I'nited States granted more lavouruhlc term- t > France than those arranged with Britain. I replied, with the as.-ent of the Cabinel that a creditor ha- a right to discriminate between debtors, but that debtor hano right to discriminate between creditors? That i- a. well-understood buxines* principle. Xlr Churchill added that the French Government had agreed to accept a twelve gild a half million sterling obligation to Britain, though further discussion on important points was necessary.