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The Gazette
Cleveland, Cuyahoga County, Ohio
What is this article about?
Finland promptly paid its $232,143 war debt installment to the US on Dec. 15, maintaining its perfect record among 13 debtor nations owing $1.68 billion. The other 12 nations defaulted, with France and Great Britain owing the largest amounts.
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Honest Little Finland
Practically The Only One Willing To Pay Its War Debt To This Country.
WASHINGTON, D. C. - Finland has just taken steps to preserve its record for prompt payment of its war debt to the United States, notifying this government, Wednesday, that it was meeting the Dec. 15 installment of $232,143. One of 13 war debtor nations which together owe $1,680,170,447 this month, Finland alone has not defaulted in the past. The 12 defaulters, and the total due from each, this week, including the semi-annual payments and amounts already in arrears, follows: Belgium, $61,300,084; Czechoslovakia, $16,315,400; Estonia, $4,160,287; France, $455,009,163; Great Britain, $994,486,367; Hungary, $467,673; Italy, $84,119,757; Latvia, $1,607,928; Lithuania, $1,353,117; Poland, $51,766,147; Rumania, $7,438,750, and Yugoslavia, $1,913,515.
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Where did it happen?
Foreign News Details
Primary Location
Finland
Event Date
Dec. 15
Outcome
finland paid $232,143; 12 nations defaulted totaling over $1.68 billion in debts including arrears.
Event Details
Finland notified the US government on Wednesday of paying its Dec. 15 war debt installment, preserving its record of no defaults. Among 13 debtor nations owing $1,680,170,447 this month, the other 12 defaulted: Belgium $61,300,084; Czechoslovakia $16,315,400; Estonia $4,160,287; France $455,009,163; Great Britain $994,486,367; Hungary $467,673; Italy $84,119,757; Latvia $1,607,928; Lithuania $1,353,117; Poland $51,766,147; Rumania $7,438,750; Yugoslavia $1,913,515.