The Archive · 1934

France Defaults

Washington, Dec. 10.

France has once again' decided Gefault on the war debt instalment decision was taken at a mee:- ing of the Cabinet, at which M. Ee. cused Herriol, the former Premie:, expressed his unaltered opinion that France should pay the United States, 1 however, voted down large majority, The American bill to Great Britain called for the payment of $17,670,765.

'No payment hes been made to' the United" States by" Britain since! December, 1933, when a token payment was made, "Last June token payments having to be' practicable, HM. Government intimated. that had decided to suspend further payments until it became possible {to discuss an ultimate settlement of inter-governmental war debts with reasonable prospect of agreement it was pointed out, only aggravated the trade. crisis—Reuter.

'On June 15, when the last instalment fell due,' Finland was the only) country which paid in full. Britain, France, "Italy," Poland, that they were not paying.

'AL the present time, any' citizen or company purchasing bonds or taking part ina Toan to nations in default on the whole or part of their oblig: ons to the United States are. lab: to. fine oF imprisonment, This measure, embodied in the Johnson Act, was taken in April this Year following the default of Amecfea's war debtors Inst December.— aly Fintand Pays

Text read from the printed page and cleaned; old type leaves the occasional error.

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