Evening star., 1932-12-15
Great Britain First to Order
Gold Transferred to Fed
eraI Reserve Bank at New
York; Metal Is Earmarked.
STIMSON RECEIVES NOTE
FROM FRENCH DIPLOMAT
Italy, Czechoslovakia, Finland,
Latvia and Lithuania to Remit
Today-Belgium, Poland, Estho-
MIA and Hungary Follow Paris
in Defaulting on Installment.
By the Associated Press.

By the Associated Press.
The United States today col
lected war debt payments from
six nations while five, unable to
pay or determined not to, went
into default.
Great Britain was first to have
is transfer announced, Secretary
OF the Treasury Mills receiving
of1cial word that the Bank of
England had earmarked sos, $780,
DO0 of gold for American credit
and had instructed the Federal
Reserve Bank Of New York to
remit to the Treasury. It will be
shipped over when and if the
Federal Reserve Bank requests.
The Treasury also received
1taly's $1,245, ,437, Czechoslovakia'S
$1,500,000 and Lithuania's $92, 1886.
Finland's $186,235 and Latvia's
$148,852 were expected today.
Five Nations Default.
Not officially in default until the
Treasury books are closed for the day.
nevertheless France, Belgium, Poland,
Esthonia and Hungary let their oppor-
tunity to pay 60 by and the Treasury
was prepared to record the s26.212,5ll
due from these countries as unpaid.
Greece, on November 10 failed to
meet a $444,920 payment and today 1t
was indicated that she would also pass
up payment due January !.
Ambassador Claudel called on Secre-
to hand him a note from Premier Her
riot. It's text was kept private tenn
porarily, but it was understood to carry
formal notification that the fall Of the
cabinet had tied the governments
hands on making the debt payment.
Minister Veverka of Czechoslovakia,
giving Stimson notice Of his country's
payment presented note asserting
that the remittance CONSTITUTES. in the
utmost self f-denial of the Czechoslovak
people, their final effort to meet the OBJ
legation under such extremely unfavor-
able circumstances.
1T is, therefore, the profound con-
viction of the CzechoSlovak govern
ment,' it continued, that only negotia-
tions entered into at the earliest pos
sible date concerning the reconsidera-
ton and revision and also the mclu-
sion of this last installment into the
forthcoming arrangement can Drlng
some alleviation to the present most
distressing situation"
Gives Check on d. C. Bank.
The Polish Ambassador and the Lith-
uanian Minister were handed this
country's second refusal to extend the
debt moratorium in their cases, and a
similar note was mailed to the Estho-
man consul general in New York.
The Lithuanian Minister then called
at the Treasury, varying the process of
remittance followed by other paying
nations, by presenting check for $92,-
386 drawn on local bank.
The Italian charge daffaires pre-
sented Secretary Stinson a note in
forming him that the Italian ministry
Of finance had remitted its s1.245,437
to the United States Treasury.
From Paris it was reported that
Palace this afternoon and refused to
form a new ministry to succeed his
own, forced out over the United States
war debt issue.
There was no indication what the
default of these nations would do to
their credit standing or to their rela-
tions with the United States. Secre-
tary Mills said the outcome was purely
speculative" and no other oflcial would
venture anything more definite.
Mills said normal relations between
this country and those which do not
pay need not necessarily be disrupted.
He cited Russia, which, though not dip
lomatically recognized since the Soviet
regime took control Of the nation. still
has trade relations with this country.
Just Bookkeeping Entry.
None Of the $98,722,910 being paid
today will come into the Treasury In
the form of bullion for the present
Payment, officials explained, Is this time
lust a bookkeeping entry, the remit
tances being credited to the account
of the United States in the New York
Federal Reserve Bank.
The latter probably will withdraw
the foreign gold.a bit at time, as no
single shipment totaling the sos, $50 900
being transferred by Great Britain could
be insured.
While the administration watched in
silence and congressional leaders con-
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