RUMOUR OF BRITISH PROPOSAL.

Press, Volume LXIX, Issue 20776, 9 February 1933, Page 9

RUMOUR OF BRITISH PROPOSAL.

PAYMENT QF LUMP SfJftfamejiican opposition TO suggestion. (UNITED r&KSS ASSOCIATION — BT ELECT&JC TELEORAPH—COPTJUQ-BT.) WASHINGTON, February 8. Widespread interest has been created by the London dispatches describing-tbe prospective British war-debts settlement plan, on a lump suiji bjisis, involving amountij from 1,200,000,000 dollars to 2,000,000,000 dollars. For some time reports have bqcn current that Great Britain would make a lump sum offer for a final settlement but usually the sums mentioned have been under i,000,000,000 dollars, or mure ih Hpe with the Lausanne agreements. hi each case, however, official Washington has maintained the strictest silence, and that is true again to-day. observers being inclined to place stress on the fact that tho reports of the British offer came at the same tinwi as Sir Ranald Lindsay (British Ambassador at Washington) went into conference the British Cabinet. Sir Ronald Lindsay is supposed to have with him a v&s't amount of information direct t'roui Mr F. D. Roosevelt, the j Representative U. T. Rainey (Demo- ! erat. Illinois) expressed to newspaper men the opinion that the "Amerean j people will never stand for a British I lijpip sqjp . proposal, whereby Great Britain would eut three-fourths of heT debt awpy." WAR DEBT COMMITTEE j MEETS. (Eeceived February 8, 0.10 p.m.) LONDON, February 7, The Cabinet Committee on War Debts met this afternoon, Mr Stanley Baldwin being the only member absent. Sir Jlonajd Lindsay was present.