Salt Lake Telegram | 1925-07-03 | Page 3 | France to Send Debt Envoys in September

i fRANCE TO SEND DEBT ENVOYS IN SEPTEMBER J Formal An Announcement Announce Announce- t p k ment of Move Has r Not Yet Arrived I Io WASHINGTON July 3 AP AP- AP VOrd J from rom Paris that a mission misson J. J will be sent to Washington probably probably n ably by September to settle Fran Frances France's es e's 1 debt to the United States f Is re received received re- re with Interest here while officials of of the American debt commission commission com corn mission are awaiting formal an announcement an- an by the the- Paris government govern govern- ment 1 Ambassador Daeschner called on onI I- I Secretary Mellon yesterday and press reports that the French cabinet had formally ac acknowledged acI acknowledged ac- ac I the debt de but his action acu ac ac- ac- ac u tion was Informal Inasmuch as no has bas not been directed by his government gov gov- t P to begin funding negotiations It Finance Minister Caillaux would like to head the French mission r but ut In Paris It Is not considered that he will be able to detach himself himself himself him him- self from his duties there Rob Robert rt Masson Masson head of the credit Lyonnais Lyonnais Lyon Lyon- is mentioned as possible he head d dof of the mission The new British memorandum to France c concerning the allied debts now under consideration In Paris Is being discussed in diplomatic circles here as w well ell In Ia th that t connection connection connection tion suggestion has been made that any solution n for debt settlement should b be based on a minimum annual annual annual an- an an an- nual payment plan lan instead of fixed annual remittances the former forme method enabling debtor nations to Increase debt payments wh when n warranted warranted warranted war war- ranted by revenues from their reparations reparations reparations rep rep- acc account This flexible formula formula formula for for- mula is HI I held up by some as permitting per per- application of money to the tle debts without ing this country in actual collection of ot the which situation the administration Is det determined to avoid