BRITAIN'S HINT.

Auckland Star, Volume LXV, Issue 150, 27 June 1934, Page 7

BRITAIN'S HINT.

DEBTORS' PAYMENTS.

Powers Against Defaulting Borrowers.

GERMAN NEGOTIATIONS

(British Official Wireless.)

(Received 12.30 p.m.) RUGBY, June 20. Sir Frederick Leith-Ross, chief economic adviser to the Government, accompanied by the Treasury officials, will conduct the negotiations on behalf of the British Government with the German delegation respecting the transfer moratorium. The German representatives will, on arrival in London to-night, be invited to hold the first meeting at the Treasury to-morrow morning. The money resolution in connection with the proposed Debts Clearing Offices and Import Restrictions Reprisals Bill were passed in the committee stage in the House of Commons to-day. When the House went into committee on the bill a Liberal member moved an amendment to limit its duration to 12 months from July 1 next. This, he said, would be a gesture to Germany that Britain would be prepared not to engage in reprisals, but would rather do everything possible to facilitate and increase Anglo-German trade. • The motion was, however, withdrawn when the Chancellor of the Exchequer announced his willingness to limit operation of the measure to two years. He remarked that the Government's purpose was to give notice to the world that it was fully equipped with legislative powers and thereby to reduce the likelihood of circumstances arising which would require these powers to be used. The German reply to the British Note refuses to accept the British argument that the six months' moratorium is unnecessary.