Latvian Debt

The British press has been grumbling because the U. S. had secured debt funding agreements from six European nations, while Britain had made settlements with two small debtors only--Poland and Lithuania.

Last week, while looking forward hopefully to a debt agreement with France in a few weeks, the British Treasury secured a settlement from another of its small debtors. An agreement was signed with Fridrichs Vasmanis, Latvian Deputy Controller of Finance for the payment of the Latvian debt of -L-2,300,000 over a period of 30 years. The debt was incurred for war materials, etc., in the Latvian war for independence.