Evening star. [volume] (Washington, D.C.) 1854-1972, 1926-01-14
GREECE MUST PAY
TO GET NEW LOAN
U. S. Will Decline Request for
$4,000, 900 Pending
Adjustment.

The American Government will de-
cline the request Of the Greek debt
commission that $4,000 900 more be
loaned to them before they take up
the question of funding the obligation
of SIS 900, 900 principal and S3,OOO,O00
interest already standing.
This was learned today following
meeting between the American and
Greek debt commission, in which the
formal request of the Greeks was pre-
scented. After a session of about two
hours, adjournment was taken, the
American commission will send a
nemora ndum to the Greeks, and an
other session will then follow on Mon
day morning a 10 o'clock.
The American commission will also
be faced within the next few days
with the prospect of dealing with
representatives from two other govern
ments. Jugoslavia and France, so that
for the first time since debt negotia-
tions opened over the more than S12,-
000. 600, 900 owed this Government.
principally by European powers. it
is likely that three separate sets of
negotiations may be carried forward
simultaneously.
JugOslav Quarters Opened.
The Jugoslav debt commission
which arrived in Washington yester
day, has taken up its quarters at the
Wardman Park Hotel. The commits
sion is headed by DIR. Milan Stoya.
dinovitch. minister of finance. Prof
NJ. /. Pupin, the eminent scientist will
act as adviser to the commission and
the JugoSlaV Minister. DR.. Pavichich,
viii assist the commission.
The new French Ambassador. Sena-
tor Henri Berenger. who arrived in
New York yesterday, was expected in
the Capital about 3 O'Clock this aft
ernoon, to take up where the recent
unsuccessful CaillauX mission left off
the problem of funding Frances debt
of more than $4,000, 100000 TO the
United States.
Up to noon today the American mis-
sion had received no formal word
from either the JugoslavS or the
French concerning the debts, outside
of the knowledge of their arrival.
Sl8.OOO,OOO Due From Greece.
The Greek commission contended,
it was understood, that the American
Government should complete tinan-
cial arrangement with their country
which opened with advancement of
credit. they claim, amounting to
S4S, 600. 900.
10 GATE TINS Government has loaned
Greece one inStallment of SIS 900 ,O0n
Upon this amount there is now due
accrued interest of $4,000 900, making
"A total as of December 81, 1925, of
$1S.000.00O.
No official announcement has been
forthcoming from American circles
concerning the possibility of any fur
ther advances under the original cred.
[.
oughly reliable sources after the meet
ing today. that the American commits
sion cannot entertain any proposals
for the loan of further money. The
American commission, il is declared in
some circles, was authorized by Con
sress to fund the debts of foreign
powers, not to make further loans.
A question of whether, if Greece
insists upon further loan, additional
legislation by Congress would be
necessary before more funds could be
advanced, Is also understood TO have
been raised. Unofficial opinion, how
ever, inclined today to the belief tha
the American Government neither in
Its executive nor legislative depart.
ments, would not be inclined to make
any further Federal loans.
CzechoslOvakia and Italy.
In the case of other debtors, how
ever, such as CzechoSlovakia and
Italy, who have funded their indebt-
edness to the Government of the
United States, it was recalled TODAY
that they have been able to float on
the commercial money market of this
country substantial loans to help them
in their present financial situation.
There was no indication to show
whether the Greeks have this in pros.
pect.
Much interest attaches to the ar
rival of the new French Amba ssa dor
Berenger, with his avowed intention
of coming to an agreement with the
American Debt Commission Senator
Continued on Page ., Column IL