NO MORATORIUM

Auckland Star, Volume LXIII, Issue 219, 15 September 1932, Page 7

NO MORATORIUM

BRITAIN AND U.S.A.

WAR DEBT PAYMENTS.

Bequest Delayed in View of American Elections.

BOTH GOVERNMENTS AGREE

/United P.A.—Electric Telegraph—Copyright)

(Received 1 p.m.) LONDON, September 14. The diplomatic writer of the 'Daily Telegraph" says that the ueriod for giving notice to America f the desire of debtor nations for a Mstponcment of future war debt payments expires to-day. The British Government has decided BO t to ask for a debt moratorium as this would mean rai=i:ig a minor point, and njo-lit easily force the war debts problem to the forefront during the American election. Tins both Governments are anxious to avoid. Instead a broad provisional moratorium is expected, which will facilitate debt negotiations in 1933 after the World Economic Conference. The "Daily Herald" says the Prime Minister, Mr. Mac Donald, and the Foreign Secretary, Sir John Simon, received the United States Ambassador, W Andrew Mellon, and Senator Reed at Downing Street. It is assumed that v ar debts were among the subjects of Jnterest discussed.