Soviet Said to Be Ready for Part Recognition London, Aug. 1.
Reuter's Paris correspondent says that, according ty the "Petit Pariview," since Comrade Krassin's return from Moscow the negotiations with regard to the settlement Jof Russia's debts have become more active. It is hoped to reach a settle: ment shortly which will partially satisfy the holders of Russian bonds Jand also be acceptable both politically and financially to the Soviet.
Paris correspondent the Soviet offers to recognize in paper francs 40 per cent.
the pre-war Russian debts, amounting to 4,000,000,000 paper francs or 10 per cent. of the pre-War Russian debts calculated gold. "Interest since 19!8 would be added to this sum. The Soviet would issue new bonds represent ting the total obligation, which would take the place of the—pre-War bonds and, after conclusion of an agreement, a sum covering the interest payable on those bonds would be included annually in the [Soviet budget.—Reuter.
Text read from the printed page and cleaned; old type leaves the occasional error.