WORLD-WIDE CREDIT
PRESIDENT ROOSEVELT . VISION AND COURAGE LONDON, June 13. "The Times," in a. leader,, says: "Nothing could- be more satisfactory, than the Anglo-American agreement. President Boosevelt deserves, /world-, wide credit for his vision,.- courage, and co-operation, despite domestic difficulties, enabling tho negotiation of a final settlement ,iir an atmosphere, of good-will and mutual accommodation." The "Daily Mail" says that President Koosevclt accepted the "proferred payment in. a generous and statesmanlike spirit. Congress itself can.ba-rdly dispute tho ruling of •the United States Treasury in 1925, which declared it axiomatic that no .nation can be required to ' pay another Government sums in excess of its capacity to pay. Other Press comment expresses the 'opinion that.the way is now. open for for a substantial trade recovery. City business circles jeceived the news of the debt settlement with relief after a day of suspense. It is likely that the announcement will have a splendid reflex in the markets today I The "SunV seryieo says possibly Australia's future' war det\t payments to Britain will be affected as the result of President Eooscvelt's decision, because it is unlikely that if Australia has to resume' payments Britain will 'ask a higher ratio than she is paying America—namely,-10 per cent; :
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Bibliographic details
Evening Post, Volume CXV, Issue 140, 16 June 1933, Page 7
Word Count
203WORLD-WIDE CREDIT Evening Post, Volume CXV, Issue 140, 16 June 1933, Page 7
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