London, July 9.
In the House of Commons to-day, ply to questions, the Chancelloe of the Exchequer, Mr. Philip Snowden, said that the loss to" Great Britain, in consequence of the Jeparture in the Owen Young report fon reparations from the percentages originally laid down at the Soa Conference in 1924, was mately 42,400,000 ' a year, Capitalized value of this loss' being He stated that" Britain was in no way committed to acceptance of the recommendations male by the Owen Young Committee of Experts on Reparations. These recom mendations. would be discussed at the forthcoming International Conference of the Powers concerned, which is meeting on August 5.
Colonel Wedgwood asked who steps had been taken to indicate to the French Government that, if the capital sum of $450,000,000, due to America for stores sold to' France after the War, becomes due owing to the failure' of the French Government to ratify the Mellon-Ber-enger Debt Funding Agreement, Great Britain will require a similar payment, The Chancellor of the Exchequsr replied that Mr. Winston Charehil, last May, sent the French Ministe? of Finance a reminder that the princinle of pari-pass payments Great Britain still holds good. Mr. Snowden added thatthe Govern: ment is watching with considerable interest the discussions ow proceeding in Paris on the subject France's debt to America and, if the circumstances contemplated in Colonel Wedgwood's question arise, the British Government would ccrtainly insist on the conditions Jaid down by Mr. Winston Churehil when he was Chancellor of the Ex-
Text read from the printed page and cleaned; old type leaves the occasional error.