National Affairs: Smaller Fry

Where the big fish swims, there follow the little fish. When France and

Italy and Belgium, with debts to the U. S. of four billions, two billions, half a billion dollars respectively, expressed their intention of funding their debts, the nations with smaller debts—CzechoSlovakia, Jugo-Slavia, Rumania—followed suit.

Last week, Dr. Charles L. Seya, Minister from Latvia, expressed his country's intention of funding its debt to the U.S.—$6,352,000—hardly of international proportions.

Now seven nations are preparing to fund their debts, and the Debt Funding Commission under Secretary Mellon will be busy for some weeks.


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