Alexandria gazette. [volume] (Alexandria, D.C.) 1834-1974, 1921-03-10
81, ,6sl, 100000 to be Liqui-
dated Within Stated
Time
eASK SAME TREATMENT
Kingdom First to Definitely Propose
n Settlement With no Favcrs Asked
|To Remove Ban on Exports

Washington, March 10.-Italy is
preparing, through rehabilitating he1
internal financial condition, setting ir
|motion again the machinery Of com
mercial relations and resuming the
production of staples Of commerce
utilized in her foreign trade to. dis
charge her debt to the United States,
Roland Ricci, the new Italian Ambas-
sador, said yesterday in answer to an
nquiry. The debt, according to the
asst annual report of former Secre-
larry Of the Treasury Houston,
amounts to sl,Gs1 100000.
The Ambassador in statement,
bid:
"The following is my precise opin-
on in regard to the American loans
10 Italy and the payment of said
oans by Italy:
"Ltaly must, through q revision of
he accounts, ascertain the exact
mount Of her debt and then ask for
c,nvenient period of time within
Yhich to pay it. This condition is
Essential, because otherwise it would
BE- impossible for Italy TO rehabli
aee her financia! condition which Is
In its turn the only way whereby
Italy can pay her debt.
aHaly would naturally. ask the
preferred nations treatment 9. E.s
italy would ask that in case Of . can.
Relation or partial remittance Of debt
b any other nation the same treat
lSens be granted her. Like the Uni.
led States, Italy entered the war with
but being forced to do SO by any ag-
Eression and while the nations that
lad BEE attacked were in tery diEi'
Euit s::raits, italy got noshi:g out of
ne War !. *ot her na:i..' touneia-
tassand such boundaries Italy son;;
aera With her own military eifGrt
kvhich eliminated with the victory OF
iSorio Veneto.
"ltaly has therefore political ut
[itude and a public sentiment whseD
gree completely with. the poiiiisal
Nttitudc and public sentiment of the
lnited States. This, think arc
kope, will facilitate my work here:
accepted the charge Of doing his
FORK, with this understanding. uf the
tllation." ii
The Ambassador EXPRESSED con.
Hence In the success of the. efforts
lat are now being made to bring
bout q complete resumption Of the
brmerly large and important trade
elations between Italy and the Uni
ed States, particularly the italian
Sport trade with this country, which
bould be a large factor in meeting
he financial obligations of Italy to
America. He indicated however that
would not be possible at first to
pply tie proceeds Of the sale OF ltai-
IN products imported into America
irectly towards the reduction OF the
ebt to this country.
It is essential, the Ambassador
|ointed out, that the internal finances
y italy should be set on firm foun-
alton before the country could m
SSrtake to settle its external obliga-
IONS. Ssvera! sources of revenue in
ormer years. he explained, had been
.bst, such as the large sums derived
rom the tourists. the heavy remit.
ances that had come from italians
. the United States and the revenue
om the sales in this country Of s:ch
allan staples as fruits. olives, Gil
d wines.
AS war measure, the Ambassador
ntinued. his government stopped
e expectation Of oils, fruits and
heat products, such macaroni, but,
added, that this prohibition was
Iw to be removed so that these
lples might again figure as import
factors in trade Altogether. he
d, the prospects were bright FOR .
Itoration Of commercial relations
the former basis that would even.
ally make possible financial set
Ement of the existing heavy indeh
ness.
Although no intir,ation has com'
mi the Treasury Of disposition I,
uss the questions involved in =
bjustment Of the indebtedness .
Allied Puwers TO thsr@ Unstei
ties, it is, understood to be segafdei