Reminder

At the request of the Treasury, Foreign Secretary Austen Chamberlain despatched notes to all debtor countries* urging that the time was ripe for settlement of their obligations. The notes stated that settlements need be only provisional, but stressed the principle that the debts must be paid equally and at the same time as those paid to "other powers"--"other powers" meaning the U. S. with whom Italy is discussing a settlement and France is preparing to discuss one.

-Britain's debtors are: Russia, France, Italy, Yugo-Slavia, Poland, Rumania, Portugal, Greece, Belgium. The total amount is about $10,000,000,000, but Britain is seeking only to collect $300,000,000 as a final settlement.