HOPE REBORN.

Auckland Star, Volume LXIV, Issue 17, 21 January 1933, Page 9

HOPE REBORN.

WAR DEBT PROBLEM 1 U.S. AND WORLD ISSUES Hoover and Roosevelt Agree to Parley With Britain. take place early in march. (United P.A.—Electric Telegraph-Copyright) (Received 11.30 a.m.) WASHINGTON, January 20. At the conference at White House between President Hoover and Mr. Franklin D. Roosevelt, Presidentelect, United States interests in world affairs were discussed. They agreed to discuss the question of war debts with Britain. The discussions are to take place early in March after the change of Administration. In a statement issued following the meeting, which lasted for an hour and a half, it was said that the official talks with Britain would also include tlie economic problems of the world and "ways and means for improving the world situation." The Secretary of State, Mr. H. L. Stimson, was instructed to initiate negotiations with Britain immediately to arrange for a conference. In diplomatic quarters note is taken that the statement referred to Britain alone. Britain's meeting of the December 15 instalment of the war debt interest having caused a favourable reaction. Debts and Economic Parley. It was disclosed that discussion of world economic problems individually with Britain was designed not to cut under, but rather to strengthen the plans for the World Economic Conference. Though both Mr. Hoover and Mr. Roosevelt are represented as feeling that the problem of debts could not be divorced entirely from the World Economic Conference, it was said that agreement was reached that no direct debt discussions should take place at the projected world parley. President Hoover and Mr. Roosevelt did not skip entirely over the SinoJapanese situation. Mr. Roosevelt is represented as feeling that the accord between the outgoing and incoming Administrations on the sustaining of American treaties, had produced a healthy effect in that part of the world theatre where the Sino-Japanese situation is paramount. INYITATION SENT. British Representatives for Washington. MUTUAL INTERESTS. (British Official Wireless.) (Received 12.80 p.m.) ,r:.. RUGBY,. January 20., A communique issued at White House, Washington, this afternoon, states that at a conference between President Hoover and Mr. Roosevelt, devoted to a canvass of the foreign situation, the following statement was agreed upon:— "The British Government has asked for a discussion on her debt and the incoming Administration will be glad to receive their representative early in March for this purpose. "It will be necessary to discuss at the same time world economic problems, in which the United States and Britain are mutually interested. Therefore, representatives should also be sent to discuss ways and means of improving the world situation. It was settled that these arrangements be taken up by the Secretary of State with the British Government."