Show OBJECTIONABLE FEATURES ARE STRICKEN OUT Provision Limiting Life of Bonds of Foreign Countries Countries Countries Coun Coun- j tries to Twenty-five Twenty Years Remains in Measure WASHINGTON Jan 16 By the AssocIated Associated Associated As As- j Press The Press The allied debt fundIng funding funding fund- fund Ing bill was approved today by the senate finance committee after most of the provisions objected to by Secretary Secretary Sec See Mellon of the treasury department department department depart depart- ment had b been en eliminated Democratic Democrat Democrat- ic members of the committee voted against the bill in m its projected form Provisions which were stricken out called for semiannual interest payments payments pay pay- I ments meats and for Interest at a rate rata of not less than 5 6 per cent Under the provisions Interest payments payments payments pay pay- ments would have fallen due within six months after the refunded bonds had been negotiated whereas the treasury desired to have haye the authority ty to interest st pa in ments the h. h case pass casEl of some countries n t in a p ito tito begin making those payments within possibly a year or two The provision limiting the life of the bonds to be accepted from the foreIgn foreign for for- eign governments to twenty-five twenty years remained in the bill The measure sets up a commission with authority subject subject subject sub sub- to the approval of the president to convert and to extend the time of payment of the principal or the Interest Interest Inter Inter- est eat or both v The treasury cret rY would be chairman of the inn the other m members to be appointed by the president president president dent subject to senate confirmation |