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Foreign News
October 15, 1925
Farmers Independent
Bagley, Clearwater County, Minnesota
What is this article about?
The American and Czecho-Slovakian debt commissions agreed on a settlement for Czecho-Slovakia's debt to the US, accepting a $115 million lump sum basis for annual payments, with a $2.68 million reduction, pending congressional approval.
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Full Text
Czecho-Slovakian Debt Settled.
Washington—Establishing a record for speedy solution of such a problem, the American and Czecho-Slovakian debt commissions agreed upon an arrangement for funding Czecho-Slovakia's debt to the United States. The American government accepted, subject to congressional approval, a lump sum of $115,000,000 as the basis of the settlement upon which the annual amortization payments will be made, conceding a reduction of $2,679,095 from the obligation as shown by treasury records.
Washington—Establishing a record for speedy solution of such a problem, the American and Czecho-Slovakian debt commissions agreed upon an arrangement for funding Czecho-Slovakia's debt to the United States. The American government accepted, subject to congressional approval, a lump sum of $115,000,000 as the basis of the settlement upon which the annual amortization payments will be made, conceding a reduction of $2,679,095 from the obligation as shown by treasury records.
What sub-type of article is it?
Diplomatic
Economic
What keywords are associated?
Czecho Slovakian Debt
Us Settlement
Lump Sum
Amortization Payments
Debt Reduction
Where did it happen?
Czecho Slovakia
Foreign News Details
Primary Location
Czecho Slovakia
Outcome
lump sum of $115,000,000 accepted as basis for annual amortization payments, with a reduction of $2,679,095 from the original obligation, subject to congressional approval.
Event Details
The American and Czecho-Slovakian debt commissions agreed upon an arrangement for funding Czecho-Slovakia's debt to the United States, establishing a record for speedy solution.