Show I I I I I France Is I Facing Big Bond Issue Minister of Republic Casting n About for Funds to Meet l Huge War i ar Indebtedness PARIS P IRIS Dec 23 How 3 How IB is France going going go go- O- O ing to pa pay the bill B By applying to productive occupations tho the effort she has sustained In war In the opinIon opinion ion of or M. M I Raoul Peret r former minister lor lof of commerce In an Interview with the A Associated Press he ho also declared that the thc theory of reciprocity ought to be applied to the commercial reI relations rela rota- aI a- a lions between Franco and the tho United States Stales after the war M M. Peret Perot Is no now nor of or the budget In the chamber of or deputies a post equivalent to that list of or chairman n of or the ways and andI I means menns committee of or the House of Rep Rep- Alexandre Ribot minister of or finance fi finance tl- tl nance has had tho the delicate task of I borrowing tho the unprecedented sums that have been swallowed up by war Raoul Peret who has hall not much more moro than half of M. M r Ribot's ili 76 years has before him the task of ot finding the wherewithal wherewithal where hero withal to liquidate the debt u M L Ribot by his hili prompt action cUon In to Issuing short term bonds rendered an anI Inestimable service to France says M M. I Peret Perel Ho lie gave Sava tho French people n a chanco chance to show how their confidence the they brought him so 80 much money moncy that It was not until the tho sixteenth month of or hostilities that he foun found It expedient to I Issue suc longer lonar term bonds Investments Investments investments Invest Invest- ments In French bonds are never neer a n gamble ramble yet et in a R sense tho the purchase of or these securities was a n. wager on the rC result of or the conflict and upon tho ability of or France to foot the bill French peasants laboring men mechanics mechanics mechanics me me- capitalists men and women of ot all classes that have havo money monc saved up have 11 been wagering In that lat Wll way a billion a month for nearly two years jears that France will triumph Thirty Thirty- three an and a half billion francs all I told M M. Ribot found In t t two 0 years cars time In the pockets of or our people I France In two years years' effort accomplished accomplished pUshed in military preparation what It took Germany German fort five years cars to do Flo The same effort applied to Industrial Industrial industrial Indus Indus- trial activity will do as much In solving soly- soly ing hIE tho the grave ra financial problem the war will have havo left on our hands but it is scarcely necessary to say that we e shall need time line to restore our finances It Is difficult and perhaps futile to make matee estimates while the tho great ef effort of- of fort Is going ColnE on on but supposing the war adds seventy billion francs to our present present pres pros ent national de debt t of ot thirty billions we shall owe a hundred billion francs That Involves an annual Interest of or five billion francs franca and Is sufficient to I require serious reflection yet it does doe not frighten tho thin French people upon whom tho the char charge e Is going to fall The They bring their mone money into the treasury as freel freely toda today as tho they did after the battle battle battle bat bat- tle of ot th tho Marne farne arne when we thought It might be Je over in less than a a. year ear and the they know exactly what thc they are doIng do- do Ing |