Show x P CT ON FRENCH DEBT APPROVED Df BY PRESIDENT Agreement Is Signed by Secretary Mellon and A Ambassador w Berenger r WASHINGTON W April 30 30 Certain to face tO bitter opposition In Cn i. i and the tho parila- parila ruente the tho Hit coat U of ot the major war ar deft funding agreements has been silted td with President p C oval by Secretary Mellon and i I nr Ie for tor payment by France iI- iI M Including Interest A l IJ I annual instalments r from 3 to toUS f sr US o O. O The principal was w wasat wass jJ rib b ed at 4 and interest s l aR w Pr the h a first years ara In- In r R ally 7 thereafter from from frOID 1 1 i t 31 jl 2 Mr par e cent nIl nt the tho latter r rate te As aspiring d tor or th the last ut two twenty wY w rs ra the avera average e a ar r j l t more i than n t 1 8 ft per pr cent t f fJ Worked l out after arter eight months of te J t. t et atlon the tb agreement will be ber beI r r ill I tt J to 0 o con congress fIS without deaM de- de Jag and aM Senator Smoot r o. o ot of Utah a member o of ot the am elan debt commission plans pans to toe Z e ta to ratification before adjourn- adjourn r r tnt at The largest remaining un- un debt u except pt the 1 J flan tan obligation Is that of f Jugo Jugo- l. l vla amounting to OO OO and JJ t an early funding settlement of this y Ia Is expected e ted to result frum Crum U n. n now In progress SETTLEMENTS VARY VARVe Op Opposition In congress conn to u the French agreement which Secretary Teflon Mellon described as representing substantially Frances France's capacity to pay aver Y probably will center on the fact that If It U t Thad had b Men been en fixed on the same tame t bur bails a U as ae of the tho American n loans loan Crum which the money turn turned d over oyer to France noe w. w was I derived th the total payment called called for tor would b be much greater nater Com Com- Computed I on a IL 4 1 1 2 1 per lU cent Interest bust hasta the present value of ot the Ibe I 16 compact I la Is IOSI it i- i I t bU 4 slightly te less lna than chan half belt the prin- prin on the earna am am basis balls however tho the Italian ae agreement which the thes s senate nat recently r ratified represents represent a current value of only 33 16 per tent cent of the tb debt funded Members l mb r. r of ot th the French parliament parliament parlia parlia- ment are u expected ete to take exception exception tion Uon to the at absence RC of ot a safeguard el clause ause This has haa bt been n one on of the th points on which previous negotiations negotiations I tion ht have broken the trench French Insisting in insisting In- In upon a provision to relieve them of payments If It Germany German should default In ID reparations re- re re remittance and U. U the Americans re- re to accept a plan making the ena of a an agreement an-agreement n de dependent dependent dependent de- de pendent upon Q io ID a third country REVISED PROPOSAL Agreement vac not reached until late yesterday when Ambassador r presented a revised proposal proposal pro pro- to the American commission which had d U sug suggested eat t an Increase In Int Inthe t th the p t. t he b- b bAd had Ad of offered offered or of- to bring t th them em m clo closer to 10 the figure advanced by the mission minion After 4 an hours hour's discussion the plait p tahl before I J r Coolidge a. a orny aJ afterwards afterwards af af- the and the he am- am n I signed th agreement ent Compared with tb 4 highest t offer made ade by It It- 1 provides for smaller payments dar during g the first five live yeas years touting against S 00 but ut it calls call for more al alto der er and nd expire ex expires ex ex- pires pire i rH t rAm PARIS April 30 f The council of of t nis Informed by Premier this morning of ot the conditions of ot the Washington debt funding a agreement r Later Finance FInance Fi Finance FI- FI nance Minister ter Beret Issued a. state statement ment to the press preat reading The Franco Franco American American agreement ement has hu been signed signed- and anda proved approved The government ove evening will issue a communication tl b giving the tire exact details of the Record record In n order to allay aJay any alarming doubts We Wt must put an end to fantas- fantas L I Itic tic ah anti and divergent Interpretations s of ecord In n certain ashIngton ru Ii ton dispatcher h- h by hIt it seems to be hi a fn Indicated leafed that the F French ench government go h has s f everything and ad aUthe hll aU the sacrifices We m a the Ute truth accurately |