Salt Lake Telegram | 1926-04-23 | Page 1 | Plan Advanced by France for Debt Payment

f fOR P A Commission Takes New Pr Proposition position Under Unde Advisement Advisement Ad Ad- Till Saturday WAR OBLIGATION IS FOUR BILLION Groundwork Is Carefully Canvassed by M M. Berenger Berenger Ber- Ber enger a and d Secy Mellon WASHINGTON April 23 United Pr Press France ss-France France today made a new offer to settle its debt t to America The terms the United Unite l Press learns lears as presented to the AmerIcan American Amer Amer- ican debt commission by French Ambassador Berenger were 1 1 Annual payments of of 25 for Tor the first five years 2 Payments of to per year for the next five years I 3 Payments of per year for a period of two fifty years 4 France dropped a previous demand demand de de- mand for insertion of a security clause in the agreement after having hav hav- ing been assured that her paying capacity would be betaken taken into consideration consideration con con- should it be seriously impaired during the period of re refunding refunding re- re funding the deb debt WASHINGTON April 23 AP AP- AP France today submitted a new of offer otter ot- ot fer ter for the settle settlement ent of Its war debt The proposition was taken talen under advisement by the American debt commission until tomorrow when it will meet again Berenger who has been been given full power by Prance France to negotiate with this country appeared appeared ap ap- before the HIe co commission at the meeting t today day to present the Fr French offer He was before the commission less t than ari thirty minutes His stat statement ment was was made entirely in French and he I left with the commission English translations c j Ut t a-t d j V settlement now propos d. d GROUND WORK I IThe The ground work for the otter offer h had d been carefully canvassed in recent conferences between the ambassador dor dorand and Secretary Mellon ancl anel it was indicated that the commission would I Inot not be long in making its decision The formal opening of the new negotiations was in marked con contrast contrast to the sessions held last sum summer summer sum sum- mer when hen Minister Caillaux headed a mission to to this country The usual formalities were dis Continued on page 11 I PLAN ADVANCED BY FRANCE FOR DEBT PAYMENT Continued P. P a 1 from page 1 1 with Mr Berenger arrived promptly prompt y at the meeting hour and after a brief introduction began the presentation of his country's offer orter attaches of ot lIe Ele was accompanied by his Ills embassy ti Having been bean a member of the Caillaux mission the amba ambassador ad rJ 1 II thoroughly familiar with the debt situation and I is known person personally llY to members of the American commis commis- sion