The Bismarck tribune. [volume] (Bismarck, N.D.) 1916-current, 1933-06-15
France and Poland Again
Default on Debt Payments
England and Italy Make Toker
Payments Far Below
Amounts Scheduled

washington. June 10.-(Hj-fTaTCe
and Poland defaulted again Thurs
day on their war debt instruments to
this government while Great Britain
arranged to pay $1O,00O,00O in silver
on its $75,950,000 due and Italy ten
dered about million dollars on its
obligation of $13,545, 900.
Early in the day-the semi-annual
payday for the debts-the Polish en-
bassy announced it had informed the
state department 1t could not pay
the $685. 1000 due. Poland also de-
faulted last December.
Next. Ambassador Rosso of Italy
advised the state department his
country would pay 100000 of the
$13545 900 due as token ir1stalment
This was $245.O00 less than the
amount Of interest payable.
Dispatches from Paris said France
would default on its $40, 10000 pay
ment. France took the same action
last December.
Great Britain made known We'd
nesday night it would pay $4,000, 900
in silver. at so cents an ounce, on
the $75,95O.00O owed However. the
full debt was acknowledged pending
final settlement.
To Confer With British
A conference will be held here
shortly between representatives of
Great Britain and the United States
to 60 over the debt problem, the de-
cision to be submitted to congress.
the $75,950,0O0 owed.
FINLAND PAYS IN FULL
Barring changes late in the day.
Finland was the only nation to meet
its obligation in full. paying $148592.
A note telling the Paris govern
ments decision not to make its pay
ment of $40.738.568 was handed to
nder-secretary William Phillips at
the state department by Ambassador
De Laboulaye.
Ambassador Patek of Poland called
with similar message.
Minister Davila of Rumania pre-
sented Phillips with note saying his
country would not meet its payment
of 100000. Rumania paid last De-
cember but requested revision.
M. Davila said the note Thursday
renewed that request and asked for a
specific date on which such review
could be undertaken.
Resume of Position
Following is a brief outline of what
the debtor nations did with respect
to meeting their obligations, totaling
$144,O00,000.
Great Britain. owing $75 $50, 900 paid
$10,0O0,000 in silver at so cents an
ounce.
France defaulted on payment of
$40, 1873, 1858.
Italy offered 81 900 900 on it's INSTALL
ment of $13,545,0OO.
Belgium defaulted on a payment of
$6,325.O
Finland paid in full its installment
of $148,592.
Poland is defaulting on payment
of 1855. 900.
Czechoslovakia, owing 81 SOC, 900, ex-
pected to make part payment.
Rumania, with a payment due of
81 100000 defaulted.
An uncertain situation surrounded
the position Of the following countries
owing small amounts:
Estonia. $284.322: Hungary $28,260;
Latvia. $1l8,96l; Lithuania, $l32,073
and Yugoslavia, $275, 900.
Is Held Acknowledgement
Weeks of patient negotiation reach
ed their elimination in a presidential
announcement Of the British pay
ment, which the London government
frankly asserted to be IAN acknowl-
edgement Of the debt pending a final
settlement"
Making it clear that he does mot
characterize the resultant situation
as a default" Roosevelt said he had
granted an urgent British request for
review of its existing debt agree
ment and had suggested to the Lon
don government 1t bring its proposals
to Washington at a convenient date
for discussion. the result to be laid
Continued on Page Ninel