A French debt mission, composed of MM. Barnaud, Roussel, Thion (TIME, Aug 3), arrived in London, began to negotiate a settlement of the French War debt to Britain, long outstanding.
Britain, with an original War debt to the U. S. of $4,604,128,085 (now several millions greater because of interest), said in 1922 through Lord Balfour that she would collect from her Continental debtors (including Germany) a sum equal to her own War debt to the U. S. This was another way of telling
Europe that Britain "is willing to cancel all War debts, but, since...