Show I BRITISH SEEK L 90 PER CENT 1 j U. U U S s. s DEBT OUT GUT I 1 France Also B of f Settling f for r Di Dimeon Dime on on- Dollar Dolar I I I Br D A Frei PAIS PARIS Sept Sept 9 I 9 9 Information or l h ri r received received re re- re 1 in French diplomatic circles circle from L London today said Great Britain expects expect to base bae further furer war debts debt discussions with the American administration administration ad ad- ministration on a a suggestion to pay 10 per cent of the pay It I was wa le learned authoritatively that tat France wants to t negotiate on the same basis bai which corresponds to the sae reduction reduction re re- re- re ducton in reparations from Germany as M agreed upon at Lausanne last lt year France formally defaulted last lat June 15 In the he debts debt installment due then It I was wa wa understood the administration ad ad administration ministration hoped an arrangement might be comp completed eted permitting the government to pay the due last lat December At that tie time time- timea a not note was wa said to indicate a desire delre for fo- foa a 90 per cent discount in the e French debt ENGLA ENGLAND n PAYS PART At the same time Great Britain I Imade made known that it would pay 10 I f in silver siver at 50 5 0 cents cent an an ounce on the owed The Te full ful debt debt I was wa acknowledged pending final settlement set et j however and the hope was wat expressed for a conference about the te I subject between of the I two nations nation I j The Te French attitude meanwhile Is Isto Isto i to t wait and ad see what kind of settlement settlement settle settle- 5 ment Great Britain will wi be able to obtain S The French government is eager to t Fenc i discuss the war debt even though th the I j situation has ha changed not changed since sice J June ne r 15 when parliament went on record as as indicating there must mut b be a drastic i reduction I While t the government is i known to tobe be anxious to get the problem adjust t. t ed cd it i feels feel it must wait wit for an ad invitation t i tion from Washington to negotiate Thus Thu far far- farno no such bid has ha been forth for I coming i Until Premier can produce can produce 1 something to fulfill conditions voted j i by parliament last lat December observers observers ob ob- servers doubted whether he will wJ t take the initiative the in negotiations GESTURE PAYMENT Fren French h people in ge general eral officials say sy quite frankly are are against payment pay pay- ment ment but many business and ad political leaders are said to favor a gesture j payment thinking thereby thereby- to quiet American indignation and pave the 1 way for better trade I When President Hoover put through i a debt moratorium French deputies depute contend he interfered with reparations reparations contracts cu encouraged Germany Gerany to scrap the Young plan pla and thereby cancelled Frances France's Fances contract to t pay 11 f war debts debt There Tere is i a we owe and ought io to b I pay group grup in France led by Edouard Herriot who f fell U as premier last December De Dc- De cember when he sought to h have ve parliament par Hament pay nIn but even eyen pr I this group declares declares' declare there must b be a radi atT reduction of the already counted debt J U |