Funding Scheme: Annual Payment $10,000,000: Half to Be Reinvested in France Washington, Sept. 13.
Mr, Edward Surley, " member of the American Debt-Funding Commission, who recently returned from Paris, where he conferred with French Government officials, to-day submitted to the Secretary' of the Treasury, Mr. Mellon, a plan for the settlement of the French debt to the United States providing for the payment of the debt. in 67 years at the rate of $100,000,000 @ year with interest, on condition that the United States refnvests half of the annual payments in French indust-
Mr. Surley stated that the French, reaction to the proposal was favourable—Reuter's American Service,
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