A similar proposal might be worked out in connection with the remittances now made by people in this country to people in debtor countries. The present war debts on a funded basis of 62 years. with interest added is. roughly. $22.000.000.000. It has been estimated that if immigrant remittances and tourist expendItures could be used to retire these debts with all countries the average length of time would be about 621/2 years. In the case of those nations whose indebtedness is small it would require on the basis of this estimate from 5 to 46 years. In the case of Belgium and England it would require a great deal longer. but the average time required is estimated at 621. or about the base period on which these debts were funded under the Harding administration.
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immigrant