France and Iran Signed $4-Billion Accord; Shah Will Receive 5 Nuclear Reactors Paris Payment Problem Expected to Be Eased PARIS, June 27 (1974)-France and Iran signed a massive 10- year development agreement today, including provision for the sale to Iran of five 1000-megawatt nuclear reactor worth $1.1-billion. The deal will go a long way toward easing France's acute balance of payments problem provoked partly by rise in oil prices. Far from seeking credits, as is usual in vast industrial purchases, Iran has agreed to make an advanced deposit of $1-billion in Bank of France and to pay for three quarters of nuclear installation cost in five years. Delivery is to be completed by 1985. The agreements, signed at the conclusion of a state visit by the Shah of Iran Mohammed Riza Pahlavi, and his Empress, represent the first vast success of French effort to cope independently with oil price crisis through huge sales. France has refused to join the cooperative approach initiated by Washington to organize Joint negotiations among oil-consuming and oil-producing countries, with a view to lowering prices.