HOOVER DEBT HOLIDAY
SNOWDEN EMPHATIC
NO FURTHER SACRIFICES
DECLARATION IN HOUSE
/British Official Wireless.) '' (Received 10th July, 11 a.m.)', RUGBY, 9th July, • In the House of Commons, thaj Chancellor of the Exchequer, Mr. Philip Snowden, was questioned as to the basis of his calculation of a British loss of £11,000,000 arising from the debt suspension plan arid as to a possible increase.in the'total sacrifice following. developments .since his previous statement. He said: "The British Government has no intention of agreeing < to . any; measures in connection with giving effect to President Hoover's proposal which would involve any additional loss to the British Exchequer." He recalled that he had .said that the application of the Hoover plan would require some 'readjustment in the Budget before the end of the year and suggested that that would be the most suitable occasion, for a detailed exposition of figures^.
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Bibliographic details
Evening Post, Volume CXII, Issue 9, 10 July 1931, Page 7
Word Count
144HOOVER DEBT HOLIDAY Evening Post, Volume CXII, Issue 9, 10 July 1931, Page 7
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