International: Promise to Pay

The nation that started and lost two world wars last week undertook to make good its huge international debts, that come in the wake of wars. In a "financial peace treaty" signed in London with 18 nations, bustling West Germany assured creditors in 30 non-Communist lands that their claims will be honored. Germany pledged to pay out $3.27 billion in the next 35 years. Half the total represents worldwide German debts that started mounting up in 1918, and were finally repudiated by Hitler. American private investors who bought German bonds under the Dawes and Young Plans have been promised $450 million...

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