The Washington times. [volume] (Washington [D.C.]) 1902-1939, 1925-07-03
FRANCE SPEEDS
DEBT MOVES
Continued. from First Page.)
to Washington during the parlia.
mentary vacation. .
u. S. Gets Promises,
But No More Cash,
From Europe's Debtors
By n. x. REYNOLDS.

The Government's new debt-col-
lecting drive, insugurated in April
under the direction of President
Coolidge, has not brought any more
money into the Treasury to date
from European nations, but it has
brought assurances that practically
all Of the $12, 900, 000, 900 owed the
United States on account OF war
loans will be paid.
Thus il the foreign debt situation
summed up today with the world
war debt funding commission stand
ing adjourned until the latter part
Of this month.
Five Nations Paying.
Five nations owing a total CT
So, 600, O00, 0o0-Great Britain. Fin
land, Hungary, Lithuania and Po-
land-alreadN have entered into
formal funding agreements and are
now making regular payments on
principal and interest.
OF the twelve other European
nations which owe the United
States, all except Russia, have now
made some move looking toward
fore the end of the present year.
1EOkTOS3 WIFI HEHtCApnICs
In the case Of the principal
debtors-France, Italy, RumaniA,
Belgium and OBSERVATION-DISCLOSURES
liminary conferences looking to the
concluding Of funding agreements
have been held and members of the
Debt Funding Commission expect
to be in a position to report con
siderable progress in this direction
when Congress meets in December.
France was the last of the princi-
nal debtors to advise the United
States that serious consideration is
being given to the American debt
and that it is planned to send a
debt commission to Washington
within the next three months.
This information was given to
Secretary of State Kellogg and Sec
rotary OF the Treasury Mellon yes
terday by Emile Daeschner, the
French ambassador.
The Debt Commission probably
will not be in session again until
the latter part of this month, when
negotiations will open here for the
funding of the $3.50, 900 900 debt OF
Belgium.
In August, an Italian debt com
mission is scheduled to come to
Washington to resume the negotia-
lions opened here last week and
adjourned to give the Mussolini
government time to draft a definite
plan of payment.
Negotiations with France are
then expected to get under way
late in August or in September.
The American ministers to Ru-
mania and CZechoslovakia have
, taken up the debt question with
these nations also, and representa-
lions which call for action on war
debts likewise have been made to
Armenia, Austria, Esthonia, Greece,
Latvia, and Yugoslavia.
Delay With Russia.
AS the United States has no
diplomatic relations with Russia,
no effort has been made to collect
the $3.50, 100000 owed by the de-
funct Kerensky government, al
though the acknowledgment of this
obligation has been made OF the de-
mands of this Government in con.
ditions laid down for the recogni-
ton of the Soviet government.
+ AS no business is now pending
: before the debt commission, Secre-
tary Mellon has gone to his summer
home at Southampton, Long Island,
but will keep In touch with the
Treasury and is prepared TO return
here instantly should he be needed