DEBT PAYMENT TO AMERICA.

Press, Volume LXVIII, Issue 20731, 16 December 1932, Page 11

DEBT PAYMENT TO AMERICA.

0g NATIONS MAKE DEFAULT. mVt X OF SITUATION FAVOURED. afluiiTOßY MEASL-ttES ARE UNLIKELY. '■ ) BO !S*(ai*K-COPYEIGHT.; ,g*e(irfd December 15th, 7 p.m.) ffiSHINGTON. December 14. «,« war debts situation to-night JS tft of the realm of things SLie into the Held of hard realJfw»t confusion and uncertainty ®ll\Aew seem somehow to have jjSfad tie feeling of the Amcr--JfSpto «*<* th * American fUTt who cannot be said to be SS Jke satisfied with the outnegotiations leading up j,J)«t2>ber IGth.

wof the 11 countries due to maxe L& hsvo announced their dcJkjrMCß. Belgium, Hungary, and „irJjilo Estonia's action is still '* K Italy will pay to-morrow the ~?iOOO dollsrs due. '4tW nctim frill be suggested by *JtatW« against the defaultnl&ato** as out o£ thG I 110811 0"' ;, tj& 0 f retaliatory measures is litest foundation. It seems to be in4tri *!>" aB ini l julse towards the Ltotioa of this serious and obvisituation will come with SS* Hwver'B impending message ™5J«b relative to the entire frggjaeit's Elected Message. »te a-mallv well-informed chief tigtoa correspondent of the "New j xTs*»" telegraphs o-mght: "The STrf ™id °p ißion re,at v c t0 d ~ bts ■■mltuXul bssis, and will urge ConU it> «np*lwr the executive statesST«f tk United States, m close coHtfiim wi«> Grcat Britain, to apl(*h » r#-gu!rvey of the question for tiffca nations involved, without regard ilk Mkiowtaaged legal rights of the mti States to collect war debts efte Parliaments of the defaulting afcns reflect the popular foreign be- & thai there is no-moral bond. lUis is «t u pionwtoert as the belief in Con«a to the contrary. In the view of fe Administration, if the debt issues title down to a tog : of-war among Parents a brddd of International hos■iaies will ba engendered, meaning rah karisitlp t» tie frorld. The ■eliorating agency ol statesmanship ast not be disregardgd. "By paying tbMr debt instalments, 3aly, and particularly great Britain, K in a commanding position. Their fca for a review and revision is now spected is eaxrr extra freight." CaagMS Mistaken. I6ff adds that Conits has been confident that all the was wotM par, "that they were tag, sii tt*f the entire attempt to fprflvirioa nas selfish propaganda. Ja'reßcli and Belgian action has jjftt atwat a more reflective mood 8k part of manj' influential memf Some of them welcome the action m djfaaitiag nations as- advancing ifatt of tto solution of the entire im if at least six months." »hfl»fft»pQ'Bdent concludes with a M easjainatlon of the British iout that President Britain was bound united front with ; of the reparations that the united front r the French default ■presented as fCeling e has come for the 1 Great Britain to Id's economic griefs, iv a strong part, at rees Comineiit. orial continent reof uncertainty and a but also the coiiowth of a sentiment sion. Times" calls the ilstakeh but intelliraJd" says that the is obvious but does ellberato repudiation on." "Tribune" declares: a serious mistake." (South Carolina) te British pay, knowinal show-down, are ?y will Mi throw s" say it. "A conferin accordance with foregone eoncl&sioii." s (Iowa) "Tribune" ch Chamber has as e mulish and ttnreaerican Congress." braaka) "State Jour- j viet is no more honnserrative France." j :o "Chronicle" says: j iber does what the "Times-"' s&ys: "De--1 to cost France aot&fcr Crisis, correspondent of the wald-Tribune" telefc irreconcilable 'antiCtmgress were urgu appoint on hi* own lility a bi-partisan st separately with the foreign debtors Landing, and to conproblems. While it it President Hoover rticular plan, which I in sufficient detail Emission oi three ee Bepublicans, only i be Cabinet Officials, ie trill begin paving !ig the crisis on June Sit instalments are in any event would nations which keep s in the meantime." J overnight news on igc was interesting, rose to 3.29*, as previous high rates *eek ago, and 3.142 I on November 20th, iy declined to 3.90, 21 when the debt (resented almost exk The present rate west since the f Ainc 3 the gold exporting