AMERICAN OFFER
(Press Assn. —
BIG CONCESSION SUGGESTED I FOR PAYMENT OF ! ONE SUM FRANCE UNSYMPATHETIC
By Telegraph— Copyright).
Rec. May 10, 8 p.m. London, May 10. The Daily Mail's Paris correspondent says that America tentatively offered the French war debt at £300,000,000 instead of £800,000,0"00 as arranged in the Mellon-Berenger agreement of 1926. £72,000,000 in ^gold and £12,000,000 in silver is to be payable immediately, and the re- , mainder in instalments to the bank j of • International Settlement. The proposal is certain to be rejected as it is emphasised that the amount reeoverable from Germany under the Lausanne agreement is £108,000,000 which France- is willing ! to pay to America when it is re- j \ceived, but not more than is received. Though M. Herriot is urging the payment of the December settlement, Cabinet will refuse until a moratorium for June is assured. It will also 'decline any payment in gold.
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Bibliographic details
Rotorua Morning Post, Volume 2, Issue 528, 11 May 1933, Page 5
Word Count
150AMERICAN OFFER Rotorua Morning Post, Volume 2, Issue 528, 11 May 1933, Page 5
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