Every evening, Wilmington daily commercial. (Wilmington, Del.) 1878-1928, 1922-09-12
WHAT THE WORLD OWES US

washington, Sept. 17--Almost AL
tho Allied Governments TO which the
United States advanced FUNDS during
the war have appointed special com
missions to meet the Foreign Debt
Funding Commission, of which Sscre-
tary OF the Treasury Mellon II Chair
man. with a view, to placing this in
debtedneas on a permanent basis M.
Parrnenticr, representing tho Republic |
of France, already has been In this
country and has started negotiations. |
The British mission IL due this month
and others will follow shortly.
A survey Of precisely what the debt
situation is, therefore, is in order.
Eliot Wadsworth, Assistant Secre-
tary OF the Treasury in charge OF
fore,an loans. gives tho latest figures
on all sums Owing to the United States
as result OF the war and tho post
armistice events This schedule repre-
SCENTS tho task to which tho Foreign
Debt Funding Commission has ad-
dressed itself and indicates the great
, extent Of the burden which rests upon
, the Allies TO arrange payment.
Twenty-seven nations signed the
+, treaty OF Versailles which ofYicially
terminated tho European War. The
= United states has made loans 70 20
, nations. This Is an indication OF the
q Invisible aid which the American
, people gave tho Allied cause during
the war, in addition 70 the visible as-
sistance Of mon. munitions and food.
A survey Of what WAS advanced,
:. what IL WAS used for, and what has
!, been repaid, should be OF interest and
. value.
Great Britain heads the list Of debt
ors. She borrowed s4,135, s1s 1853;
she has paid s250.132.1s5 in interest,
but total accrued interest amounts 10
l. s611 .044,201. bringing tho total debt
J. due to sl,7ss.ss2.5s0. Great Britain
used these funds in the United states
u buying arms and food, agricultural
= and manufacturing implements. and a
70 great variety OF other goods necessary
y to the prosecution OF the war She
lent other Allies about 1000. 900, 900,
l. so that all the money she borrowed
4. from tho United States amounted TO
e only about half her advances.
n France borrowed 1890. 857,5s3; she
he has paid interest OF s170, 1904. 400; total
Re accrued interest Is s43o ,o49 .0s2 and the
d. net debt now due is 33.f70, 9es, s55
or Practically all Of this loan was spent
u I'm this country for munitions and sup
lie plies.
- Italy Our Third Debtor.
.. italy stands third. She borrowed
VI s1,64s, o34. o5o; she has paid s57 ,5ss,.
70 S52; total accrued interest Is s243,.
!. 4so,5s3 and net debt. 1891 ,514.s34
or She used her money for munitions ant
h. supplies and to stabilize her exchang,
., with the United States
&. Belgium borrowed 1917, 123,745: sh.
q, has repaid s14.s09. o62; total accrued
a, interest amounts to s51,39f,ss7 and
net debt. ,42s.515.733. Belgium
L. bought munitions and supplies In tn.
q United States.
~ Russia, before tho fall OF tn,
nj Czarist Government which has on,
n ally borrowed s102. sol, 297: she pax
as interest amounting to s7,7f7,s33; ae
IL. crued interest Is s35,o1s,4 37 and ne
nd debt, 1921, o2o,724. All Russia's ex
IL pendftures were for munitions an,
or supplies IN the United States. TIL
status Of this loan IL much N doub,
J. Tho existing Soviet Government
ys recognizes none OF the old debts. ]
he is not likely Russia Will be recognize
100 by the United States until Russi
list acknowledges this debt.
ed Sixth in the list os debtors stand
&C. Poland. The loans to her were mad
zen after the treaty because prior TO tha
els event she was not a nation. Chief
an they were for food and medical sur
an plies. She borrowed sl55.es2,s67; ha
paid interest of s1.2so.s2o; accrue
,rk interest is s17,3so,7s5 and net deb
the s153,o43,652.
z. In the same class is Czecho- Slovaki
red another treaty country. She borrowe
3D. chiefly for food. ss1,ss7 .668: paid il
ing terest of sa04.17s; accrued interest
ers 12.797.s76 and net debt, s104,6s5 .545.
the Serbia, a belhserant ally, borrowe
al S5l.1o4. 595; she has paid $685. a.
nd crued interest is S7.33s,455 and a n,
debt, s5s,441 .O51 Serbia bought nun
tons and supplies in the United Stint
and also used some OF these funds
meet the expenses of OBTAINING Ge
S..Ao -AHSli ldAi pIiSOncTS lNLflSle
to her custody.
Roumania borrowed S36,l2s,494; 81
rly has paid S263.313; accrued interest
me s5,2S3,s6S and net debt, 41,412, AZ
ar Roumania bought American suppl
es- and, at times. urgently needed th
financial assistance to pay her army
nun Austria borrowed s24,o55,7o Who'll
the for emergency food relief after q
ere armistice. She has paid no intere
and s2.165.o13 has accrued, maxi,
ace the net debt. s2s.22O,7a7.
The Smaller Loans.
Greece borrowed SIS ,000, 900: she h
ap- repaid s1.l59,163; accrued intere
adj amounts to sS75,o0o and net de
i'd: s15.375,00o. This money was us
the largely by Greece 10 stabilize her OK
IDOL currency. Much OF It was retained
ppy the United States on deposit IN go
tes as a currency reserve for Greek Z
culating notes.
lily: Esthonia, another treaty count
SER borrowed s13,999,145 after the arm
iris tice. She has paid no interest and 5
fly. oSs,62o has accrued Bringing the T
in debt to s16.0Ss,771. This was a 70
hes loan 10 a large extent
ster Armenia borrowed S11e5oel7