Pay Day

The Treasury celebrated a fine June morning by accepting payments from debtors ; to wit :

Great Britain (5th semi-annual installment of interest) ..... $68,310,000.00

Finland (5th semi-annual installment of interest) ..... . . 133,650.00

Hungary (3d semi-annual installment of interest) ...... 14,905.69

Lithuania (2d semi-annual installment of interest... ..... 45,225.00

Lithuania (1st annual installment of principal) ......... 30,000.00

Poland (1st payment on funded indebtedness) ............. 500,000.00

Total ....................... $69,033,780.69

All paid in cash except Great Britain. She paid $75.94 in cash and the rest in Treasury certificates due next September. These certificates were cancelled, thereby reducing the U. S. public debt.

This list of payers-up should soon grow longer. Belgium recently announced her intention of sending a debt-funding commission to this country in July. Last week, Italy decided to beat Belgium--annouced she would be gin similar negotiations on June 25. Because of her sudden haste, Italy will not be able to get a debt commission to this country by the time she set--probably Ambassador de Martino will rep resent his country at the opening of negotiations.

"Unofficial advices" told that France will send a commission in the fall, and that Czecho-Slovakia was likely to do the same.

The indebtedness of the four nations who, it is hoped, will soon make funding arrangements, is:

France. . . . $4,137.224,198

Italy. . . . . . . .2,097,347,122

Belgium. . . . . .471,823,713

Czecho-Slovakia. . . 115,528,439

Their combined debts constitute more than one-half of the unfunded indebtedness of foreign nations to the U. S.