Batesville Daily Guard

BRITAIN INSISTS ON
A DELAY IN PAYING

United States Maintains Money should
Be Returned. Regardless.

London, Aug. 10.—That there
is a serious hitch in the Anglo-American
negotiations concerning the funding
and subsequent repayment of the
British debt to the United States was
admitted to the World correspondent
today by an authority fully compe-
tent to state the British government's
international financial policy.
Broadly speaking, the point at
issue is a conflict between the British
policy of conserving the American
debt as part of the general others
and German financial relations, as
opposed to the American government's
insistence that Great Britain's
debt to America should be con-
sidered and settled independently of the fact
that Britain has a large sum owing to
her by the other allies and Germany.
Although negotiations on this point
still continue in a desultory fashion,
officials here say they do not see any
chance of a settlement as long as
America maintains her present posi-
tion, and it is considered likely that
no solution will be reached until aft-
er the presidential election. In a round
sum Europe owes America $10,-
000,000,000, of which the British share is
$4,000,000,000.

On the other hand,
the
British
loaned the allies about $2,000,000,000
The official argument is that in view
of this fact and because the British
borrowings from America were large-
ly on behalf of the other allies, the
American government should agree to
some plan for British payments in
conformity with the allied and Ger-
man reparation payments to Great
Britain.
This suggestion is more or less a re-
statement of the "parallel payments"
plan of interallied debts which was
discussed first at the conference be-
tween Prime Minister Lloyd George
and Premier Millerand. It fell through
at that time, as admitted official-
ly, because America refused to agree

to it, but the British are still stick-
ing to the scheme in the negotia-
tions with America, and they re-
gard it as absolutely necessary
for the settlement of European finan-
ces that America sit in the allies
and agree to some generally ac-
ceptable plan

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