WAR DEBTS
NEW ZEALAND BENEFITS. | [PER PRESS ASSOCIATION. I I WELLINGTON. June 8. The decision of the British Government to defer payment to America on the June instalment of the War Debt will have the effect of saving New Zealand the necessity of finding aer share of the payment, amounting to over £BOO,OOO. Under an agreement with the Imperial Government, signed on September 6. 1922, New Zealand makes two half-yearly payments of £825,965, made up of interest and principal. The last payment made by New Zealand under the terms of the agreement was on June 1, 19'11. when £61)4.9:10 was paid in interest and £221,035 in capital. This left the debt outstanding at £24.100,199. Following on the Hoover Moratorium, the Imperial Government agreed to postpone the instalments of interest and principal due in December, 1931, and June, 1932. A further postponement for one year from July 1. 1932, was agreed to by the Imperial Government, and no payment was therefore made in 1932-33. I4’A L Y DEF A U LTI NG. ROME, June 8. According to the “Giornale Di Genoa," Italy, like Britain has decided to suspend her war debt payments to the United States, pending a final settlement. Italy, hitherto, has followed Britain’s lead, making token payments. ■
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Greymouth Evening Star, 9 June 1934, Page 7
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208WAR DEBTS Greymouth Evening Star, 9 June 1934, Page 7
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