WAR DEBTS.

Ashburton Guardian, Volume 53, Issue 211, 19 June 1933, Page 5

WAR DEBTS.

UNITED STATES AND FRANCE.

A STRONG NOTE DISPATCHED.

(United Press Association—Copyright) WASHINGTON, June 17.

The Department of State to-day has made public a considerable part of the recent war debts correspondence, revealing that a rather sharp Note was sent to France, which country made no mention of her, inability to pay. The Notes to Belgium and Poland are almost but noted their declaration of inability to pay. According to the ; best information, the .President's debt policy regards the nations making token payments as not having defaulted.. Any suggestion for revision from them will be immediately acceptable as a basis for consideration, while those that have defaulted must make good the December 15, 1932, paymenttogether with a token payment for their obligations, due to June il. The latter part' of this policy is believed to be subject to possible change, although much opinion holds that such action would not be fair to Great Britain and the other nations which have made token payments.

NOT A DEFAULTER.

THE TOKEN PAYMENT.

WASHINGTON, June 17

To-day the State Department made public a considerable part of- the recent war debt* correspondence, revealing a rather sharp note to France, who has made'no mention* of her inability to pay. The Notes to Belgium and Poland are almost identical, but it noted their declaration of inability to pay.

According to the best information, the President's debt policy regards the nations making token payments as v not having defaulted. Any revision suggestions from them will be immediately acceptable as a basis of consideration. On the other hand, those which have defaulted must make good the payments ■ due on December 15, 1932, as well as the token payment due this month.

The, latter part of this policy is believed to bo subject to possible change, although much opinion holds that such action would not jbe fail- to Britain and other token payers.

AMERICA'S SHARP NOTES.

COUNTRIES THAT DID NOT PAY

WASHINGTON, June 17

The Government of the United States, on Saturday, dispatched a formal Note to France forcefully reminding the Paris Government of two unpaid debt instalments and ignoring the appeal for review of the situation, i : Similar Notes-were sent to Poland and. Belgium;/.'.which are also in default of two payments.' ..... A Note' was' handed : to ; the Italian 'Ambassador, Signor Rosso, at the "same time, saying that while the Italian payment of 1,000,000 dollars might be considered unsubstantial by Congress, the President was willing to enter a, discussion regarding the Italian debt.

It was made clear informally that France, must place herself on the same footing as the nations which have partially or fully met their obligations before the debt question can bo reopened.