Geneva, July 5.
The financial condition" of the League of Nations and its affiliated organizations is particularly favour-_ able, according to economic report Issued by the Geneva body yester day.
During the past fifteen years, 87 nations have contributed in membership fees approximately 315,000,- 000 gold francs, while the Secretariat has "spent only about 180,000,000 franes. This expenditure has for the most part gone toward the establishment and maintenance of, technical organizations.
'The International Labour Ofice st was stated, has spent approximately 100,000,000 tranes of the amount, 'At the end of 1933, according the report, members' contributions In arrears amounted to 20,000,000 francs, while, at the end of April, 1934, they totalled less than 25,000, 000 francs, or 7% per cent. of the entire budget of the League.
One-third of the amount in arrears, it was stated, has bean owing by China, that is until the end of 1930. At this time, however, Chin concluded an arrangement with the Geneva body to be permitted—to make up the amount due in arrears by a series of delayed payments over period of twenty years. China, was stated, "has paid regularly since the establishment of the Nac' Monat Government in 1928.
Argentine owes thirteen per cent. of the amount in arrears, while one-thied i due from' Latin "American Of the total sum in arrears, it was stated, 21 per cent. covering ti period from 1981 to 1933 is con-! Sidered irrecoverable.
Of the entire amount in arrears, 50 per cent. it said to be irrecover: able, Although a non-member of the League of Nations, the United States contributes to the coffers of the Geneva organization in the same Droportion as does Great Britain At the end of 1932, the surplus in the League's treasury amounted to 1,839,000 gold tranes-—Havas.
Text read from the printed page and cleaned; old type leaves the occasional error.