AMERICA DELIGHTED
INCALCULABLY GOOD EFFECT,
(Received Ist February, noon.)
WASHINGTON, 31st January. While there are no official comments pending the notification by the British Ambassador (Sir Auckland Geddes) of the British debt acceptance, the Administration is highly pleased with the news. The Treasury stated that Mr. A. E. Mellon, secretary, believes that the action will have an incalculably good effect on the critical world economic situation. '. President Harding intends immediate action to place the matter before Congress. It is believed that he will ask for an alteration of the Debt-Funding Act to make it conform with the British arrangement instead of' asking for specific authority to consummate a single agreement. Early Congressional comment indicates speedy approval of the terms. , Later. Washington learns that a Bill providing for Congressional r approval of the debt funding will be introduced in the Senate not later than Monday.
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Bibliographic details
Evening Post, Volume CV, Issue 27, 1 February 1923, Page 7
Word Count
144AMERICA DELIGHTED Evening Post, Volume CV, Issue 27, 1 February 1923, Page 7
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