Evening star., 1925-10-03
WAR DEBT PARLEYS
GIVEN NO SETBACK
Italian and Czech Negotia-
tions Unaffected by French
Situation.

The peculiar situation in Franco
American debt negotiations has not
affected adversely the prospects Of i'm
minent funding negotiations with
other European debtors over their
war obligations.
This was definitely indicated today
by developments here from both
Czechoslovakian and Italian quarters
Assurances were received by Treas
ury officials yesterday from the Italian
embassy that regardless of the un-
expected windup Of the French
American parley the debt commission
from Rome will sail, as it had pre-
viously planned, about October Is. A
debt commission from Czechoslovakia
arrived today in Washington to open
negotiations.
These assurances set at rest numer-
Gus reports and rumors that perhaps
the semi-failure of the French meet
ings might have serious effects on the
pending debt negotiations.
Czech Parleys Tuesday.
The CZechoslovakian Debt Com
mission will make its first call at the
Treasury Department Monday, 1t was
indicated at the Treasury The busi-
licSS VI lcsOlldtlIlS may not, now
ever actually get under way with
meeting of the two commissions
until Tuesday
The Czechoslovakian government
owes the United States 3l17,679,-
095.70.
The visiting commission has taken
up quarters at the Hamilton Hotel,
from which the French commission
just departed.
New Minister Due Today.
The new Minister from the Euro
pean republic. Zdenek Fierlinger. who
sailed on d different boat from the
commission. is expected in Washing
ton some time today
The commission is headed by DR..
Vilem Pospisil. director of savings
banks of Prague, who was at the
peace conference in Paris and has
represented Czechoslovakia at Geneva
Other members of the commission
are karel Kucera, assistant general
director of the banking Office of the
Czechoslovak ministry of finance: Dr.
karel Brabenec, from the ministry of
finance; DR.. Eugen Lippansky. from
the ministry Of finance, financial eX-
pert; Zikmund Konecny, from the
| ministry Of foreign affairs
Omclals Disappointed.
| Although a CLEAN of hope for final
success in the French negotiations has
| been discernible through the general
atmosphere of disappointment over
! the outcome, there was evident in Off
| cial quarters today no great amount
| of assurance as to how the matter
| will end.
The economic position of France in
hn $,,Yr,y r,h II; ;-l>
American and French commissions
widely differed, seemed to be the one
factor upon which both will depend
| for indications as to prospects for set
tlement. Americans have much more
hope in the future of France than the
French have themselves. Should the
American view of Frances future
| capacity to pay be justified by de-
| velopments, then, it is believed here.
there will be much more chance of
France agreeing to funding plan ac-
ceptable to America.
What will happen, however. to the
American f1ve-year offer Of $40, 900, 900
annually. with provision for reopen
! ing the question at any time during
that period, was still a great uncer-
tainty today. The French finance
minister is taking the offer back to
France, without his formal approval,
Iva SopIiAoSloil ~ Ills
Believes France Will Improve.
President Coolidge, it was revealed
at the White House late yesterday,
entertains the view that France will
improve economically and financially
in the five years. He earnestly de-
sired final settlement. but was con-
vinced that such was impossible.
In allowing for a lapse of five years
before permanent pact is necessary,
providing the plan submitted Is ap-
proved by both the French govern
ment and the American Congress. the
President feels that France will have
had time to put her finances in shape,
fund her internal obligations, restore
her devastated regions and re-estab-
lish her currency. With those ele-
| ments in her situation remedied, the
Presidents belief Is that France will
| make a settlement satisfactory here.