Jan, 25, An agreement hes been reached] on broad lines for the funding of the Italian debt to Britain, A rafting committee meets to-morrow to settle the points in detail.
Both sides are silent as to the terms of the Anglo-Italian debt} settlement. Count Volpi, interview. ed by a representative of Reuter's Agency,® admitted agreement on fundamental points, but tactfully evaded the question whether th: agreement was satisfactory—t9 Italy, also how it compared with the American settlement, But well-Informed circles are of the opinion that annuities of £4,500,000 begin to be paid immediately.
Complete Agreement Reached Jan, 26, Complete agreement has _beea reached regarding the funding of Italy's debt to Great Britain, "The settlement will be signed to-morrow, Agreement Signed Jan, 27, An agreement for the funding Italy's debt to Britain was signed: at the Treasury this morning. The payment wil occur on Maret Terms of Settlement Enthusiast-
1 ically Received Li The Italian debt agreement provides for the payment of 42,000,000 for the first year, £4,000,000 unally for the next. two years, £4,250,000 a year for the next four years, 24,500,000 annually from then on till 1986-7 and $2,250,000 for 1987-8, The agreement was concluded in an atmosphere of great cordiality.
The Italian debt to Great Britain totalled 611,000,000, against which Count Volpi claimed a refund of 822,000,000 for gold deposited in London during the war.
Reparations Clause Not Included Mr. Winston Churchill, in a speech at the signing ceremony, declared that the Cabinet had allowed hin wide latitude in order to give consideration to Anglo-Italian friendship, It was noteworthy that the agreement was in no Way mixed up with the Re Clause, 'The agreement protects 'Italian' currency in the event of abnormal depreciation due to payment debts abroad, while in the event of Britain receiving more from re-
Text read from the printed page and cleaned; old type leaves the occasional error.