WAR DEBTS.

Press, Volume LXVII, Issue 20421, 16 December 1931, Page 11

WAR DEBTS.

-0 OF AMERICAN jgEASURtRUfglON .favoured. ON GREAT BRITAIN. iSSOCIATIOX-PY EI.ECTKIC + - ) tfiaSINGTON, December 14. KSTMellon (Secretary of Ihc Treasury) has issued the on the subject of 'tL of war debts:— is opposed to &ZT ft is, however, tlio duty authority to deal w.tli there is no escaping the «» of our debtors cannot .fall the payments due to us '*• taß been a substantial recovery, and that of others lias so changed consideration of their in the light of existaettlements were effected 51 toll of the ca P acily of tllo to pay. Take the case Lt Britain, our best customer: financial changes in the JJJ'Wvfl immenseiy increased the feeler p*ym ents to us." ytiih Debt Settlement. wfcejitary then gavo details of o{ tlie S ol(1 standard, t«nseqae nt depreciation of fori*sß J>» r ccnt -' an,i co . n^nUL '^ : h,to debts to Great Britain from ilfeTgranients except the repnrawhich are not l ' cing LaStiis year and arc not likely fleeted in lull next year, are sterling, while her debt to hmbb in S 0,(1 dollars. The comIfflitt of these ■unfavourable facfiflt W*»lt ™ i,n enormously inljJ,}lßrfeu on the people of Great lie *" . i r^t due to us in the prcsill serve to exemplify ! this additional burand at par the British (32,800,000 in order to dollars. With sterling on December 10th, it ),000. In other words i British taxpayer has oxiniately one-half. Itisb debt settlement j estimated that its four and a-half per _,j, was 80 per cent, of *sS"woifnt due prior to funding, iSpgr ifritish taxpayer would be not the obligation as ffiirffw our War Debts Commisamount considerably in obligation. Nothing fcW&Mwkly illustrate the duty obligations of our Essential. - asks whether anyone ■yE or Hungary should Hlj> instalments, or GerHkmM Jgyments on the cost of hmmesa man." he fefase to "investialtered circulates of sM)tofe , unsecured testions (JtmgrcFs should to ibis a Commis'■pipblems as theymafeiire !, Hoover's recom|ttie creation of |il Debt CommisrOßlUM. CONGRESS. .■fIHMUJSSS.) )ecember 14. ication of the :lmne by the )Ks will not be w, vhich is tho •yearly war debt > been made, Mr Secretary to the atification a^ a rment of instalin by Congress, g House of Ropplote its disciiein Bill and take lent has not resurance on the al circumstances NDARD. TEXTILES. not surprised at at it should not ions for textiles tho fall in the am exported at the Japanese, »ts, such dumpimpeting textile sh Empire parDECREE, JOLD EXPORT version suspendjfficial action of is necessitated wrings since the in January. The