WAR DEBTS.
AUSTRALIA TO BRITAIN.
NO RESUMPTION OF PAYMENT.
(United Press Association—Copyright). (Received This Day, 9.30 a.m.) CANBERRA, This Day. The Prime Minister (Mr J. A. Lyons) in. the House of Representative's stated that no provision was being made for the resumption of the payment of interest and sinking fund on the war debt to Britain.
ANGLO-AMERICAN DISCUSSIONS.
BRITAIN'S FOUR-POINT APPEAL.
WASHINGTON, October 11
During the negotiations on war debts to-day the British commissioners presented a four-point appeal why Britain should be granted a substantial reduction. The extent of the reduction desired has not yet been officially stated. United States Treasury officials are studying the appeal, which the followings points: Firstly, Britain received less favourable treatment when the debt was funded than did the other borrowing nations. Secondly, when the debt was funded increased prosperity of the world was anticipated, whereas it has diminished. Thirdly, Britain spent far more here during the war than the amount borrowed from the United States Treasury. ... Fourthly, war debts were not a commercial loan. The negotiations will be continued to-morrow, when the British proposals may be presented. '
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Bibliographic details
Ashburton Guardian, Volume 54, Issue 2, 13 October 1933, Page 5
Word Count
183WAR DEBTS. Ashburton Guardian, Volume 54, Issue 2, 13 October 1933, Page 5
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