M. Peret proposes to come to London next week to
, discuss the French debt. We hope that his illness, which we regret, will not prevent him from doing so. Englishmen were greatly surprised when he announced recently that France still hoped to make the amount of the payment dependent upon reparations from Germany. That was precisely the contention which we all thought had been disposed of when Mr. Churchill came to a pro- visional agreement with M. Caillaux. It is true that Iljr. Churchill and M. Caillaux left over several points for further discussion and that M. Caillaux did express the wish that France should not be required to pay more than she got from Germany, but the figure of £12,500,000 as the normal annuity was nevertheless accepted. Mr. Churchill certainly spoke as though that' point had been settled.
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