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Premier Raymond Poincarè, who also functions as Finance Minister, issued a statement to the effect that he was "working upon a solution of the question." The great difficulty involved is 1) to get the Chamber and Senate to approve the Mellon-Berenger accord without a safeguarding clause (entitling France to stop payments to her creditors should Germany cease her reparation payments) or 2) to get Washington to accept the proposed safeguard clause...

Author: /time Magazine | Title: FRANCE: Debts | 10/17/1927 | See Source »

France-German Treaty. The commercial accord signed recently with Germany (TIME, Aug. 29) was an- other fly in U. S. Parisians' ointment. In it Germany was accorded most-favored national treatment in regard to all but specified products, which means that she enjoys the minimum tariff rates accorded to countries having this class of treaty. All countries outside this category must pay duty in conformity with the new law. U. S. businessmen, petulant, were in-clined to see deliberate discrimination in the new tariff against them in favor of the Reich...

Author: /time Magazine | Title: FRANCE: Discrimination | 9/19/1927 | See Source »

This improvement in French state finances was put forward as good propaganda for a conversion loan in the U. S. On account of her financial instability and the fact that the Mellon-Berenger debt accord was not ratified by the French Parliament, France was obliged to pay 8% on some issues floated in the U. S. Now, pointing proudly to the achievements of a year, M. Poincaré proposes to borrow money at a cheaper rate to pay back the outstanding indebtedness to the U. S., thus saving a considerable amount in interest...

Author: /time Magazine | Title: FRANCE: National Finances | 9/12/1927 | See Source »

Meanwhile, in the Chaco region, where the little strip is located, it was said that the soldiers were "digging themselves in," preparing for hostilities; and it was hoped that the conference in Buenos Aires would arrive at a settlement before the troops made an accord impossible by attempting simultaneously to occupy the disputed territory...

Author: /time Magazine | Title: Foreign News: Oil Row | 9/5/1927 | See Source »

...accord now reached represents a compromise obviously unsatisfactory to the Persians, who sought to raise the trade limit to 35,000,000 rubles. The threat^ of the railway is primarily inspired by British influence, which aims at strengthening Persia as a buffer state between India and Russia...

Author: /time Magazine | Title: PERSIA: Treaty | 8/29/1927 | See Source »

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