July 22, Complete agreement has been reached between M, Caillaux and]
Mr. Winston Churchill with regard to the French debt to Britain, The French franc closed at 197 and the Belginn at 296.5 to the Later.
An official announcement states that Mr. Chuvehill and M. Caillaux signed a definite funding agreement. The text wil be issued toa The French Finance Minister, interviewed by Reuter, declared that} he wax as pleased at the result of Visit as could be expected when one signed something not very! agreeable, He hoped, however, that the agreement would renet favourably on the franc, but—shrugging is shoulders—"I am not a master tation is regarded as inevitable. events."—Reuter.
Franes Decline but Recover New Terms More Acceptable Renewed heavy selling: ye lay created a now low record in francs AL 198.73 closing - at 192.5, while Belgian feanex touched 209 and closed at 207.50. t0 £1, Later, London this morning} French franes .25.—Reuter, to France London, July 13.
Mr. Winston Churchill, Chancellor} of the Exchequer, announced in the House of Commons to-lay thet a complete settlement had been signed by himself and M. Caillaux, the ich Minister of Finance, yesterday. ow York Papers Uneasy New York, July 9.
The New York press is very in terested in the march of disabled] and other ex-service men, which has. ven planned to take place in nday to protest ayainst_the vatifieation of the French Debt}
Settlement with the United The "New Yerk World course of a leading aPlicle matter says that intelligent! believes that the!
Ife said that the agreement cover-. ed not merely French war debts but irtuaNy all outstanding accounts between Great Britain and France.
Payments by ance would be four, six, eight and ten million pounds sterling, rising to £12,500,000 annually, the last-named figure being reached in 1990.
Payment from 1930 to 1956 would be £12,500,000 a year, rising £14,000,000° a year for the final 31 years. n last for 62 years.
are devices for postponing an} timate settlement for which the The Agreement substantially conformed with the partial agreement reached Inst August with ublic is of yet ready, The "New York Times" expresses she opinion 0 the most com jot without an consider the piteous reh of 15,000 war cripples, who! mnoubtedly "speak the unuitered feelings of the majority of the! vouch people, The paper warns Americans not to blind themselves eof the feeling! if not dissipated by means, bids fair to loud the international horizon for al Jong time.
Text read from the printed page and cleaned; old type leaves the occasional error.