Show ENGLAND S RELiEVED BY DEBT PACT PACI Nation Willing to Go most Any Lengh Length to Restore Trade B fly G G. G G Liberal Special HI in 10 Tlc The Eo n Copyright Ins by The Consol Consol- ConsolI Consoli dated daled Press Association I LONDON Pres A Aug us Assoc The 29 lon news news- newspapers newspapers papers say that when Joseph Cal Cal- Call Call- Jaux approached the train at Vie toria staton station to return 9 10 ParI Paris on he danced rather than L walled le lIe certainly had ery e every reason In 10 be pleased with him him- himself self for no snore more brilliant raid on the British exchequer has ever evet been accomplished Ills His adventure hire ture was admIrably staged and andI I managed I his that hp he proposed to make a genteman's gentleman's offer to England the Paris pres press burst Into Indignant threats of oC reprisals I if he exceeded tI e minimum propos proposals England was featured ns as I a hard faced mone lender and grotesque cal cal- calculations were made which sug- sug suggested seated that If owed oved anybody an any any- body anything I it wa was Ecland Eagland I that owed to France I If H N. N Cal Cal- Call laux offered more than nine mi- mi milon mit lon lion pounds a year ear It was said I that he would be stoned In the tho streets street of Paris laris Wih With thi this preparatory gunfire from across the channel M M. M Cal Cal- Call laux lauc came am wih with his engaging smie smile his dapper grace and his I gentlemanly OCH offer In two I he cut down clown the British claim I front from twenty million pounds to tc twel e and a half millions In G 62 annual pa payments ments and now ho ha has ham I Jone gone back to consult his cot col- leagues Such an achievement Justified a It exist biton on the Victoria platform I IS The Th tone or of the press criticism pres here Is far front from exultant and the contrast of Stanle Stanley Bald Ins In's set set- lement with America four years ers ago and his I ago proposed settlement with now is bitterly 1 em- em Il n nut hut ut public ll feeling takes I the scheme calm calmly ric he fact Is IsI I Frances France's pol policy I or of postponing the debt settlement had nearl nearly extinguished al all hope of getting anything and the prospect of bringing Fi ance to the point of to pa pay something Is In Inthe inthe the nature of oC an unexpected wll- wll wind There re Is no disposition here In Ingland England fOl or us count our chickens prematurely Long ex- ex with the Ule skillful haggling methods of our neighbor has I taught U us not to be sanguine The French press Is already point point- pointing InA ing out that thaL the agreement Is not what il Ir r. r Churchil's Chit statement suggested For lor example the Eng Eng- lh lish ew view Is that French payments do tb not depend on German The French Insist the contrary They would limit la- la ha- ha t to both ot and G Great r Britain by receipts c from n Get Get- man many The Impression pre als prevails boa bOever that having made luch such a brilant brilliant bargain wih with England France wil wiil not delay clinchIng the matter ter before coming to tIme the see sec ond fence tence the settlement with ih America She Is aware of the enormous alue value of precedent which the English bargain c- c for lor hH her In approaching her other oilier creditor and Is unlikely to risk jeopardizing that valuable counter In the approaching TO sIT 10 W T I We e British shall await awalL the out out- outcome come conte or of those negotiations with Interest for our understanding Is that thaL if IC beter better terms are conceded to oUter oter creditors ours wi swill auto auto- and proportionately auto I ap ap- that hat Is the barest arest jus- jus lice I It would b be Intolerable If ln ha having written or off the whole dl- dl direct French debt to us and hors hon In ful fuit the lIsa debt we ive incurred In AmerIca larel largely behalf on of we should find es I In an n inferior position even even in respect to the poor we reco r. recover however er the public I opinion Is rele ed relieved at the prospect prospector or of cearing clearing away the problem or of I debt settlement on any reason reason- reasonable able terms as a means or of restorIng Ing Europe to peaceful and stable conditions The British depression lon wi will not be relieved by debt col col- lection but by revival of lecton re ial world trade and any Is worth to secure that revIval revival Th bargain wih with France hOWever how how- ever es-er bop baji from England's point hOW 1 or of vi lew w. w Is a step In that direction I and that greatly reaty Improved at pre of oC Franco German rela- rela I at-I tons Is regarded as an eQual equally a. a onsen for lor the lie future 1105 j fa-j to the security pact con con- In some ome rs I those o of the British labor part pari hit but generally the scheme Is approved Grat hOpes are arc entertained d that the coming assembly of the League lague or of Nations at Geneva wil will willmarIe marl marIe the end or of war and the be- be beginning beginning ginning of the real pacification or of Europe 00 00 I |