Norwich bulletin. [volume] (Norwich, Conn.) 1895-2011, 1922-05-03
Ba|anc' ,lleet Of
Frs War Debts
Total Owing is 1880, ,ooo,-
600 Gold Francs = Total
Due to France is 9,OOO,-
100000 Gold Francs =
Reparations Due 68,0OO,-
600, 900 Gold Francs.

Paris, May (By the A. P.,-Tha
american debt funding commission com
nlunlcated to the French government
three days ago the text of the war debt
Ianolng law and the resolution adopted
Oy the debt commission in connection
Win II, together with the request that
the french government make any OBJ
SelVaeion ser 1t desired concerning the execu-
tion OF the terms of the law.
This step is taken in Official circles az
polite intimation that the time had
come to enter into serious negotiations
lor payments on the debt. although it is
not believed here that the American COM
mission intends to force matters.
Ihe documents were handed over 10
lne minister Of finance with the request
that he make a full report with reea I'd
to the debt and the financial situation.
The French reply is expected now ia
De briefly to the effect that France in.
tends to pay all she owes but must have
chance to collect some debts owing 10
her; also that the burden of reconstruc.
ton Is such that France has been una
Bile to provide a sinking fund for her
war debt. as she had been obliged tc
make advances for that purpose for the
account Of Germany, who had not paid
the reparations due from her.
This communication comes Just at Q
| time when France is being asked at tn.
Genoa conference to reduce some of hel
claims against former allies" said Z
high government official today. 1--WE are
glad to be generous with our allies but
| in order to do so our allies must stant
With US. We are in a position of com.
mercial house with big debts and bis
| outstanding credits. asked by creditor,
| to pay and by debtors to reduce and sus
pend. If we are to pay we must be paid
The balance sheet of French war debt.
| Is given here as follows:
| Owing:
To the United states-1S. so 200, oeC
gold francs.
To Great 100000 golt
francs
2s.25O.ooo, 900 gold francs.
Due to France:
From Italy-i 600, 100000 gold francs
From Russia = 4,Ooo,ooo.ooo gol,
From Belgium = s,s5o.oOo,ooo goi'
francs,
From Jugo-slavia-5OO.ooO, gol,
/ francs.
Other allies. including Rumania-1,
5000. 009 gold francs. =
| Total-9, 900. 900, 900. which. plus repa
/ rallOnS que from Germany. amounting
| 6s. 900 600 900. makes q total Of II 1000
100000 gold francs
It is not pretended that the whole ss
oo0.0e0 900 due in reparations ought t
be included in the war debt balane
/ sheet, but that at least $4,000. 600, 90
gold francs already spent by France fo
Il the account of Germany in the recon
Estruction work of northern France ougf
| to be so included This would bring tn
credit side of the sheet to S4.oOO.oOO, 90
gold francs, showing a balance in fave
of France of s,OO0,0O0.OO0 francs.
All the allies are still considered her
as equally responsible for the executio
of the treaty of Versailles. and the as
sociated power. the United States. is me
4 rally responsible for its execution. in til
opinion of French officials. since tn
treaty was not rejected by the Unite
States on account of the reparatior
clauses Hence it is argued. France
justified in asking Americas help t
bring in what is owed France under til
terms of the treaty, SO she can pay he
debts.