National Affairs: Another Settlement

The U. S. Debt Funding Commission announced an agreement for settling another debt. This time it is with Roumania, and the principal involved is small change as compared with the British, French or Italian debt. The original loans amounted to $36,000,000 which with interest accumulated to last June is $44,590,000.

Payments are to be made on the now standard plan—over 62 years, with 3% interest for ten years and 3½% thereafter. A partial moratorium is, however, provided, so that the payment for 1926 is only $200,000 and successive payments increase gradually to $2,200,000 in...

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