LOANS BY NATIONS.
THE QUESTION OF INTEREST. DECISION OF BRITAIN. By Telegraph.—Press Assn.—Copyright. London, April 5. Britain addressed a Note to her Allied debtors, saying that Britain has to pay interest on her debt to the United States following the lapse of the Anglo-American Convention on May 15, and she reserves the right of calling on her debtors also to pay interest. Paris, April 5. Britain has informed France that the Franco-British three-year Convention, which is shortly expiring, under which France pays no interest on her loan, will not be renewed. It is pointed out that France this year is liable to interest on a ddbt of 25 milliards of francs (1000 million sterling), and that the present rate of exchange is consequent on the non-renewal of the Franco-British Convention. The Echo d«* Paris connects the matter with the United States demanding interest on British loans, and says that the French Government will have to take stock of the whole position before replying to the British Note. The question of inter-Allied loans must be tackled comprehensively.
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Taranaki Daily News, 7 April 1922, Page 5
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176LOANS BY NATIONS. Taranaki Daily News, 7 April 1922, Page 5
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