New Britain herald., 1925-05-18
FRENCH GOVT. IS i READY WITH PLAN
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 Finance Minister Caillaux and For eign Minister Briand had been charged with the task Of studying the interallied debt question with view to its settlement.
 The Quai D'Orsay received a ca- blegram from M. Daeschner, the French ambassador in Washington. on Saturday, giving full particulars Of the American decision, but this Is | said to have contained no jnforma- ton that might cause the French | government 10 precipitate negotia- tions other than those decided upon | Friday. Preliminary Negotiations These preliminary negotiations l will take the form of conversations 1 or joint meeting of two groups of | experts both financial and political, 1 from the ministries of finance and | foreign affairs. These experts will | go over the ground and establish | some acceptable basis for discussion | before the matter is taken up with 1 the United States. The foreign office says it has no knowledge of any note coming from Washington. It is felt that no off, cial communication can add any thing to- the information given by NJ. Daeschner, who made known that America wanted action on the debt and explained the methods that the United States would well come. Washington Waiting Washington, May 1S.-The Wash ington government is awaiting with interest some word of the reception accorded in the nine European debtor nations to the news that this country desires to arrange funding settlements without undue delay. Meanwhile, there is speculation as to which of the nine will be the first 10 submit a proposal, even though Il provides d basis merely for pre- liminary negotiations
 France Regarded as Hub France. whose debt to the United States Is the largest of the lot, is regarded ss the hub of the situation and it is known that officials would welcome an opening move from that quarter, Recent authorization by the French cabinet of its finance minister 10 take up the debt prob lem strengthens the belief here that contact soon will be made with the American debt commission,
 Italy Would Follow
 Italy, second largest debtor. would quickly follow the action of France in putting her debt on a regular payment basis, officials believe, with the other seven powers, Belgium, Tumania, Czecho Slovakia, Latvia, Greece, Esthonia and Jugo Slavia, making their funding proposals as soon as possible.
 Official explanation still is lacking as 10 the exact t\means by which the nations were advised of this govern ments desire for converting the notes it holds into bonds. Direct word was sent to some capitals. II Is understood, while the information vas relayed 10 others through off cia and unofficial visitors from America. Many congressional lead CTS have toured Europe recently and while they talked informally with statesmen there, it is known that the debt question and tho benefits of settlement were discussed.
 If this means of conveying this governments desires to the foreign capitals have been varied, however. they have lacked nothing in force and dctiniieness, In every case the i dsh;or natit has been given to un- dfrsiand in an unmistakablc way that Washington believes funding pFTauConcnts should not be further
 delayed. Jn view Of that fact, the
 s" -lc" of the French foreign
 cf Ce that mote" on the subject
 has tycd from Washington 1: regarded here merely as the stock
 d.. ~ia,' denial, l.: on tcchni-
 caljty.
 Both Amha ssador Dasschner in
 Washington and Ambassador Her
 rick in Paris have been fully advised
 Of the desires of the American gov
 ernmcnt and both have reported
 fully 10 the Paris foreign office
 Whether Paris is disposed 70 regard
 their communications as a note is
 held here 10 be mere technical de-
 tail. In any case there remains no
 ri5apprehcnsion in Paris as to the
 views of Washington, and officials
 here are gratiGcd that by the crc-
 ation of q committee to consider the
 subject France has at least made
 beginning toward the end desired.