U.S. LIQUOR BILL.

Auckland Star, Volume LXV, Issue 10, 12 January 1934, Page 7

U.S. LIQUOR BILL.

Senate Bows Gracefully to Roosevelt. NO TRADING WITH DEBTORS! (Received 1 p.m.) WASHINGTON, January 11. On a plea from the Administration's spokesman that it would hamper the President in his foreign trade bargaining , , the Senate reconsidered and defeated its own amendment to the Liquor Bill -which fixed heavy tariff excises against war debtdefaulting nations. The Senate, however, unanimously adopted a bill presented by Senator Johnson (California) prohibiting financial transactions, private or public, with foreign Governments who are in default with their obligations to the United States. The text of the bill is, in part, "Hereafter it shall be unlawful for any person to purchase or sell bonds, securities or other obligations to any foreign Government issued after the passage of this Act, or to make any loan to such foreign Government, or political subdivision thereof, while such Government or subdivision is in default with payment of its obligations or any part thereof to the Government of, or to any citizen of, the United States. "Any person violating the provisions of this Act shall bo subject to a fine of not more than 10,000 dollars or imprisonment for not more than five years, or both."