Word: passu
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...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...
...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...
...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...
...settlement of the French War debt, Mr. Churchill stated in plain terms the attitude of His Majesty's Government. '"We consider it essential," he stated, "that any payments made by our debtors in Europe to their creditors in the United States should be accompanied simultaneously and pari passu [with equal pace] by proportionate payments to Britain." (Cheers...