The Bridgeport times and evening farmer., 1920-03-31
ANCLO~FRENCH LOAN PLANNED
 BY CT. BRIT AIN

The text of the remarks Of Chan ceIlor of the Exchequer Chamberlain of Great Britain regarding the plans for handing the maturity of the Anglo French loan, in which much interest has been taken in local banking cir cles, is to hand as reported in London newspapers just received. MT. Cham berIain is quoted saying in response to MT. Asquith's inquiry:
 ''The Anglo-Fvrench loan of $600,- 00G,00O, which was issued in October, 1915, on the joint and several security of the governments of the United Kingdom and France, natures on Oc- tober Is of this year. After full con- sideratfon the French Finance Min ister and I came to the conclusion that it was not desirable to renew this loan in the United States of America, and that we ought to take the neces- sary steps to provide for our respect i've halves. The method in which this is to be done is, of course, a matter for each government to decide as it thinks fit.
 ''The House will be glad to know that the British government has no intention of reborrowing outside the United Kingdom any part of the $25O, O,000,000 required, so that when the loan is repaid we shall have re- duced our external debt by over 50,- 000,000 pounds. W shall employ for the purpose resources already availa- ble, or in sight, in the United States, and to the extent to which they are not sufficient we shall ship gold.
 q may add that we have already made a beginning by buying Anglo French bonds in the market at a con siderable discount below par.''
 MT. Chamberlain, in response to further questioning as to the obliga- tions of the Allies, made the following statement:
 '"The obligations of the Allies to this country (excIusive of postwar ad- vances for reconstruction are now approximately as follows: Pounds Russia ............ 568,000, 900 France 4Io,ooo,ooo Italy 4fo,ooo,ooO Belgium .....-.--- S5,ooo,uoo Serbia ...-..--- ze'ooV'ooV Greece, Portugal, Ruma-
 nia and other Allies. 51, 900, 900 Total ,0O6, 000,0 tIn the case of Belgium war debt, no interest is charged, and it has been agreed that the Allied and Associated governments shall accept German gold bonds in discharge of the princi- pal of the debt. Further, no interest has been charged down to the armis tice On loans to Serbia and Montene gro. In the case of the other Allies, interest is not actually paid except in the case of one special transaction, but the amount, in some cases at 5 per cent. and in others at bank rate, is added periodically to the principal outstanding.
 t"The total advances made by the United States government down to Novem Der 15, 1919, as given in the an nual report of the United States Treasury, were as follows:
 United Kingdom .. $4,220, ,000, ,0ot Russia lSS,0UO,0Ou France A,oo5 ,OUU,ooU , Italy 1,611 ,UOu,oUU Belgium " 39,000,00O Serbia ... 27,O0O, 900 Other Allies .... 136,000,000 Total ... se,506, 1000, 900 ''The advances were made against demand obligations bearing interest corresponding to the American loans from which they were provided. The total advances made by France as on Nov. 6, 1919, were, understand, 12,- 00o,00o,0o0 francs, but have no par ticulars as to the amounts lent to par ticular countries or the conditions on which loans were granted. Negotia- tions are proceeding with regard to the postponement of interest pay ---e-1ts, but no formal postponement
 5 yet taken place."
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