WAR DEBTS

Evening Star, Issue 21716, 10 May 1934, Page 9

WAR DEBTS

DEVELOPMENTS IN AMERICA CONCRETE SUGGESTIONS FOR SETTLEMENT Press Association—By Telegraph—Copyright. WASHINGTON, May 8. New war debt developments which 'Administration officials believe will allow President Roosevelt to send to the United States Congress not only a detailed report of the debt status, but concrete suggestions for a general settlement, are expected within the next two weeks. No official would say what the expected developments were, but it was indicated that they would form the basis of a presidential message to Congress. Men familiar with the progress of the debt negotiations pointed out, however, that the envoys of thirteen nations which have debt instalments due on June 15 have held recent discussions at the State Department, among them the British and French Ambassadors. POLICY ANNOUNCED WASHINGTON, May 9. (Received May 10, at 10 a.m.) President Roosevelt emphasised today that the United States stands for the collection of war -debts, but will grant a hearing to nations in distress who' ask for reduced payments. Whether the token payments made in the past by Britain and other debtors .will be accepted in June will be decided upon the merits of each individual case.