Word: franco-british
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Since the elements of a first class Franco-British tiff were thus brewing, the foreign offices of these two "old friend" countries hastily devised a formula which would save faces all round. They proposed, unofficially, to the U. S. State Department that an international conference of jurists be called to draft the final Peace Pact text. To this proposal Secretary Kellogg returned an unofficial but emphatic "No!" Thus he shrewdly sought to force the Allied Powers to declare before public opinion whether or not they are ready to "renounce...
...general terms the results mean that the Prime Minister can now proceed with confidence to take the four great steps in financial policy to which he is pledged: 1) amortization of the floating debt by a large internal loan; 2) ratifications (possibly after renegotiation) of the Franco-U. S. and Franco-British debt settlements; 3) restoration of the franc to a gold basis, probably at the present stabilized rate of 25 francs to one dollar; 4) acceptance from Germany of a (reduced) lump sum in payment of her reparations, this sum to be derived from the sale of the German...
Responding to an interpellation in the Chamber of Deputies, the Premier rapped out: "I do not propose ratification of the [Franco-British and Franco-U. S.] debt-funding accords, because I expect to get better terms; and because Parliament certainly would not agree to bind the country for the proposed term of 62 years...
...Cabinet during the present session (TIME, Nov. 22 et seq.) will be a bill appropriating several billion francs for armaments and fortification of the Franco-German and Franco-Italian frontiers. Marshal Foch, appearing before the Chamber in full uniform, declared: "Germany is disarmed in accordance with the Treaty of Versailles, but France must always be prepared against a nation of 70,000,000 people." Since the Premier ruled out debate, last week, on the Franco-British and Franco-U.S. debt settlements, neither of which has been ratified by the Chamber, it was implicit that these will not be voted...
...last week, a letter from him to Chancellor Churchill of the British Exchequer, declaring that the French treasury will pay to Britain ?3,000,000 on Sept. 15 next, and ?3,000,000 more on March 15th, 1928. These are the sums due Britain from France in the unratified Franco-British debt settlement. By simply paying them, without ratification or discussion of the debt settlement, the Premier signified his intention last week, of forcing the debtors of France to take what they can get when they can get it. Pursuing this policy, he cabled the French commercial attache in Washington...