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Show 00 POLAND OWES BIG DEBT TO AMERICA1 ! Bl f i WARSAW. May c Sixty -five perl I cent of Poland's national debt Is owed to tho United States, according to the first budget of the new republic. The Tollsh debt to America totals $1S3.-000,000. $1S3.-000,000. In 1921, foreign debts to. th amount of 7.000,0u0.00t marks! were repaid. Although the new budge. 01 Poland, like that of every other country In j Europe, shows a deficit, it reveals also a state revenue covering 90 per cent of the expenditure as against 80 per cent in. 1921 nnd only 10 per cent in 1-920 The local press predicts a fair prospect pros-pect of a budget balance during the current year and i" this is acoom-i pllshed a stato bank will bo estab- j Ilshed and a new national currency Issued to replace tne present artl- I Jclal currency wished onto the coun-1 try during fhe German occupation. 1 Two ministries of tho go erhmenl ' are already without a deficit, :ho?--Of trade and commerce and agrlcul- ture. the latter running a profit In 19,21 Of 1 2.000.000,000 marks. Poland's 1923 budget is popularly cj.'fd a "peace budget," only IS per 1 cent oT its lota) being allotted to military expenditure, tho rapid demobilisation de-mobilisation of the Polish forces reducing re-ducing tills Item to on of the lowest j ! army budgets in Europe. 00 |