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Domestic News
July 7, 1931
The Daily Alaska Empire
Juneau, Juneau County, Alaska
What is this article about?
A moratorium on war debts and reparations will cost the US $246 million in lost income for the fiscal year starting July 1. Britain loses $20M, France $96M, Italy $8M+, other allies $41M; Germany gains $425M by avoiding reparations. Only intergovernmental obligations affected.
Clipping
OCR Quality
98%
Excellent
Full Text
War Debt Holiday in Brief
WASHINGTON, D. C., July 7.—The moratorium on war debts and reparations will cost the United States about $246,000,000 in income for the fiscal year beginning July 1.
Great Britain and France will lose approximately $20,000,000 and $96,000,000 respectively, these amounts the excess of their reparation money due from Germany over their debts to other countries.
Italy will lose more than $8,000,000. The combined loss of the other allies is placed at approximately $41,000,000.
Germany will be richer by some $425,000,000, her reparations bill for the year.
Only inter-governmental obligations will be affected by the suspension of payments.
WASHINGTON, D. C., July 7.—The moratorium on war debts and reparations will cost the United States about $246,000,000 in income for the fiscal year beginning July 1.
Great Britain and France will lose approximately $20,000,000 and $96,000,000 respectively, these amounts the excess of their reparation money due from Germany over their debts to other countries.
Italy will lose more than $8,000,000. The combined loss of the other allies is placed at approximately $41,000,000.
Germany will be richer by some $425,000,000, her reparations bill for the year.
Only inter-governmental obligations will be affected by the suspension of payments.
What sub-type of article is it?
Economic
Politics
What keywords are associated?
War Debt Moratorium
Reparations Suspension
Financial Losses
United States
Germany
Great Britain
France
Where did it happen?
Washington, D. C.
Domestic News Details
Primary Location
Washington, D. C.
Event Date
July 7
Outcome
us loses $246,000,000; great britain $20,000,000; france $96,000,000; italy >$8,000,000; other allies $41,000,000; germany gains $425,000,000.
Event Details
The moratorium on war debts and reparations affects inter-governmental obligations, with specified financial impacts on involved countries for the fiscal year beginning July 1.