Word: pari
(lookup in dictionary)
(lookup stats)
Dates: during 1920-1929
Sort By: most recent first
(reverse)
...Captain G. M. Garro-Jones (Conservative) asked the Government if it were insisting on pari passu treatment with the U. S. in the matter of War debt payments, and if France and Italy had not defied Britain's contention that they should not make separate settlements with the U. S. Lieut.-Col. Walker Guinness (son of the stout and beer manufacturer, Lord Iveagh), Financial Secretary of the Treasury, replied: "The gallant gentleman is under a misapprehension...
...have never said that they should not make separate agreements. In fact, it is the natural procedure that they should agree with each one of their creditors separately. We have only said we should be paid pari passu, and on equally favorable terms...
...honorable and gallant gentleman" was guilty of redundancy. Pari passu means simultaneously and equally. * "The noble lord" was wrong. With the exception of Bengal and the Central Provinces, the Act has had a fair chance which is proved by its success...
...question, said he had no information, other than had appeared in the press, concerning the "round robin" which the U. S. Government had sent to its foreign debtors. Mr. Guinness made it clear, however, that Britain would expect payments to the U. S. by her debtors to be accompanied pari passu (simultaneously and equally) by payment to Britain...
...advantages to Britain are not at all clear but, as regards the U. S., the settlement of the Anglo-French debt question will permit France to say exactly what can be done to pay off her U. S. obligations. The rate of payment, if Mr. Churchill's famous pari passu declaration (TIME, Dec. 22) is adhered to, will not, to begin with, exceed the rate at which France is repaying her British debt...