The producers news. [volume] (Plentywood, Mont.) 1918-1937, 1927-10-14

French have not yet accented
our proposals in the matter of
credits.
Although agreement in prin-
clple has been reached on the
question of credits, a complete
understanding regarding their
size has not been reached.
Payment Ready.
however, all doubts will soon he
set at rest when the French public
VIII learn that the Soviet government
mas met the agreement and | author
ize you publicly to report that be-
lore the first of next month we have
arranged to deposit in an agreed hank
the first half yearly installment of
3O,OOO,OOO gold francs (about $4,000
OOO) from which the first payments
can be made to the French holders of
Russian securities immediately after
the ratification of both governments
of the general agreement on debts and
credits as we authorized RakovsI1y
(Soviet ambassador to France) yes
terday to declare to the French dele
gates"
lzvestia, official organ of the Sow
let Union, commenting on the debt
settlement with France halls it as
victory of Soviet Union diplomacy
stating that it undermines the ground
beneath the bitter anti-Soviet eIe-
ments IN France by settling much
aggravated problem.
Alter stating that Ambassador Ra-
koVsky mao been instructed to notify |
the French delegation of the readi- |
ness OF the Soviet government to de- |
post the frst payment of 30,OOO,OOO |
golu francs, the balance to be paid in
annultles of 6O,000,000 gold francs for
slXty-two years, Izvestia SAYS:
Evidently this compromise means
concession on our part as well, but
with this agreement, which substan-
TALLY is advantageous to us, we knock
the bottom from underneath the ele
ments of the French bourgeoisie
winch lnclte the masses of Dettv |
French bondholders hit by the annui.
ment of the cars debts"
French Anti-SOviet Press I.uLewarD,
Paris, Sept 26.-The Soviet Gov
eminent has agreed to a settlement
of Russia's pre-war debts to France
IN note submitted to the Quai dor
say oy It's Ambassador here, Christian
Rak1ovsky. The plan envisages Al an
n nU payments to France of $12,OOO,-
OOO, but as sine qua non for this
trance FRA must lend to the Soviets $780,
VVU'VVO TO reach them in six annual
amounts of $2O,OOO,OOO each.
Nothing is said about repaying the
french material losses which occurred
III RUSSIA, which France has been de- /
manding.
French diplomatic circles, and news |,
papers under the domination of Brit
lsh oil interests, are greatly disap-
pointed over this turn of events, which h
IS considered a signal diplomatic vic
tory for the Soviets and a crushing
defeat for England and her economic !
boycott policy towards Russia. The h
papers and those under British influ- !
eence, while effecting joy chat Russia
mas gone so far in admitting the va
lldlty OF the prewar debts; view the
SOVIET move with very wry face.
aA1 depIeciate the agreement and on +
pose the extension of the necessary !
commercial credit required as a con E
dltlon to the payment of the Cars y
debts
Many view the Soviet stroke as an
attempt to smooth down the fur of
France, which had been ruffled bv
several incidents lately, and saw that
France would he foolish to given $40
OO0,O0 yearly in order to receive SIP
100000 back without any tangible Sc
curitv for Soviet reimbursals during
the 80 years that following the COM
ing six, when France must make its
loans to Moscow.
The rumor that the Soviet govern
ment proposes to make the annuity
payments partly in oil has aroused
the fury OF the British oil interests
who are doing all in their power to
interrupt the negotiations thru mis-
representations in the French press
STATISTICS GIVEN
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