New Britain herald., 1925-08-19
Funding Will Take Place in 62 Years-Remission of Some Interest on Recon struction Loan Also AL lowed

Washington, Aug is UpA-Bear,pr the personal approval of President Coolidge, terms for funding the Bel gian war debt to the United States have been worked out by the debt commissions of the two countries after negotiations of unusual hrevity,
 Little more than q week was re 1ulred to bring about accord on the program of repayment of the little kingdoms debt which was fixed at $4lt79o,o0 as of June IS. 1925.
 The funding plan, agreed upon late yesterday came in the same month which eleven years ago marked the opening Of the world war,
 Terms Of Payment.
 The terms provide for a remission of interest on the sl71,7So,0V loaned prior to the armistice, and for 8 part remission of interest on the s246,- .QlO,Q00 borrowed for reconstruction work.
 ll- c e ''EliiHii't ''Il'l-N' " ' LII lIG ton by the American congress and the Belgian government, was da- scribed as recognizing by the United States "a weighty moral obligation" as result of assurances given the little kingdom by President Wilson at the time of the Versailles peace conference, and also the right of Belgium to particular and special treatment by this nation.
 The terms call for complete pay ment within S2 years
 The s171,7So,90 loaned during the time of actual fighting with Ger many is to be paid free of all ac- crued or future interest,
 The interest on the pcst-armistice debt of $24G,00Q.00O was fixed at the rate of Sl2 per cent. The Amer jeans agreed to forego d part of the interest of this amount for the first ten years, and arbitrary amounts were established bringing a reduction of nearly s7O,ooo,oon,
 Quotes Wilson.
 The Belgians insisted during the negotiations that the pre-armistice loan should be considered a debt by Germany to the United States be cause such 3. proposal was accepted by President Wilson at the peace conference" The Americans, how ever, refused to accept this arrange ment hut declared that while no legal obligation rests upon the Unit ed States in the matter, there does continue a reighty moral obllga- ton as result of assurances given which entirely lifferentiates this sum from all other debts due the niteA States from foreign coun- tries"
 The funding program Tn conse- nuence laid down for the pre- armls- ice debt a schedule of repayments calling for Belgium to pay $l,eoN,oo" in 1928 and the same amount n fq2f. with increases in each of the next four years until 1882 when the annual payment becomes $9,- aoO,o The annual payment then will continue at this figure until 1oS7 when 3 final payment of s2.- oSo oo0 will he due.
 Concerning the post-arm,stice loan, the settlement provides that Belgium pay st74o,Noo as interest and st.t0n. n00 on the princiarl for tho first year. The second year the total payment will ho S3,1nN,o0o, tf which s2,Noo.9oo will he interest,
 The charge for interest then in rroasos sharply in each succeeding year. and the payment on principal will dccrcase until the end Of the 10 year reriOd. Tn the eleventh year Belgium will pay s0172ono interest and SlGOO. .o00 principal, Thereafter naymen's vill remain in eNcess of go. oo. .n0n per year until inc deht has hoen iqui1at9d,
 No Comment
 After fhs agreement had been an rounce1 the Be'giaus had no com nr"n' to make. Senator Shoot of | tah, and Representative Burton, ohio. both American commissioners howcfor, expressed the opinion that