BRITISH PLAN
WAR DEBT SETTLEMENT
BASIS OF LUMP SUM OFFER
AHEEICAN EEPOETS*
United Press Association—By Electric TeleCraph—Copyright. (Eeceived Bth. February, 10 a.m.) • WASHINGTON, 7th February. Widespread interest has been created by London dispatches describing a prospective British war debt settlement "plan on a lump sum basis, involving amounts from 1,250,000,000 to 2,000,000,000 dollars. ' For some time reports have been current tha* Britain will make a lump sum offer for final settlement, but usually the sums mentioned have been under a billion dollars or more in line with the Lausanne Agreements. In each case, however, official Washington maintained strict, silence. That was true again on Tuesday. Observers are inclined to place stress on the fact that the reports of the British "offer" came at the same time as Sir Ronald Lindsay went into conference with the British Cabinet. The Ambassador, it might.be supposed, had with him a vast .amount of information direct from President-elect Eoosevelt. Bepresentative Bainey, of Illinois,' expressed to newspapermen the opinion that "The American people will never stand for a British lump sum proposal whereby Britain would cut threefourths of her debt away."
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https://paperspast.natlib.govt.nz/newspapers/EP19330208.2.58
Bibliographic details
Evening Post, Volume CXV, Issue 32, 8 February 1933, Page 7
Word Count
185BRITISH PLAN Evening Post, Volume CXV, Issue 32, 8 February 1933, Page 7
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