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Lexington, Fayette County, Kentucky
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Hamburg reports indicate a defensive alliance treaty between Austria and Prussia to counter France and Russia, fostering unity. France must pay 700 million francs in annual 140 million installments over five years to allies, plus 130 million for sustaining 160,000 allied troops in France, with claims settled later at 3% interest.
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The Hamburg papers says that the 700,000,000 francs of contributions which France is to pay to the allies, will be liquidated by instalments of 140 millions annually, thus completing the whole payment in five years. A sum of 130 millions is likewise fixed as the charge of subsisting for 5 years, the 160,000 allied troops which are to remain in France. The claims of the confederates, arising out of the non-execution of the treaty of Paris, are to be settled at the end of five years, interest at the rate of three per cent. being meanwhile paid on the amount.
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Where did it happen?
Foreign News Details
Primary Location
Austria And Prussia
Outcome
mutual protection against france and russia; france to pay 700,000,000 francs in 140 million annual installments over five years; 130 million for 160,000 allied troops in france for five years; confederate claims settled after five years with 3% interest.
Event Details
A treaty of defensive alliance between Austria and Prussia aims to end past jealousies and provide protection against France and Russia, likely leading to cordial unity. Hamburg papers report France's 700,000,000 francs contributions to allies to be paid in 140 million annual installments over five years, plus 130 million for sustaining 160,000 allied troops in France for five years, with claims from the treaty of Paris settled later at 3% interest.