Smaller Fry

Where the big fish swims, there follow the little fish. When France and

Italy and Belgium, with debts to the U. S. of four billions, two billions, half a billion dollars respectively, expressed their intention of funding their debts, the nations with smaller debts--CzechoSlovakia, Jugo-Slavia, Rumania--followed suit.

Last week, Dr. Charles L. Seya, Minister from Latvia, expressed his country's intention of funding its debt to the U.S.--$6,352,000--hardly of international proportions.

Now seven nations are preparing to fund their debts, and the Debt Funding Commission under Secretary Mellon will be busy for some weeks.