OPINION DIVIDED.

Auckland Star, Volume LXV, Issue 139, 14 June 1934, Page 7

OPINION DIVIDED.

PAYMENT IN KIND. American Congressmen Give Their Views. ATTRACTIVE TO BRITAIN. (British Official Wireless.) (Received 1.30 p.m.) RUGBY, Juno 13. The United States Government's reply to the recent British Note on war debts was handed to Sir Ronald bmdsay yesterday. It was considered by the British Cabinet at its usual -weekly meeting. The reference in the reply to payments in kind attracts most' attention, both in America and in Britain, since it is the first occasion on which the United States Government has indicated its willingness ..to accept payment in kind, and incidentally, by so doing, has recognised the transfer problem. Press messages from Washington record varied opinions of Congressmen on the suggestion. Senator Stephens, chairman of the Commerce Committee, is reported to be in favour of acceptance of commodities provided they do not compete with domestic production, or increase unemployment. Mr. H. Rainey, Speaker of the House of Representatives, thinks the suggestion the best yet made, and Mr. W. Hill thinks the process of transferring to and from private ownership for Government accounts will be very complicated. Senator A. Robinson thinks that American industry and workers would be penalised, and that the scheme is not practical, while Senator Borah thinks it requires further studv.