TO SECURE CUT IN DEBT
EFFECT OF DROP IN STERLING.
(United Press Association.—By Electric Telegraph.—Copyright.)
LONDON, December 14
The “Daily Telegraph’s” diplomatic correspondent points out that if Amererica does not relieve the burden on Britain, the. Government may amend, the Balfour Note, and may demand a revision of the debt funding agreement. Britain’s payments from Fiance have been reduced by the fall in sterling from 1,550 million francs to 1,062 million francs. ,Lt is obviously unfair that Franco should be repaying America fifty per cent, of her debt while Britain is repaying eighty per cent, of her’s. It is a matter of gratification that the first hint of a revision should have come from America
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Hokitika Guardian, 15 December 1931, Page 5
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115TO SECURE CUT IN DEBT Hokitika Guardian, 15 December 1931, Page 5
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