AMERICA WARNED

Gisborne Times, Volume LXXIII, Issue 11830, 11 January 1933, Page 5

AMERICA WARNED

NATIONS MUST DEFAULT UNLESS TARIFF REVERSED. FINAL SETTLEMENT AIUST BE ARRANGED (U.P.A. by Elec. Tel. Copyright) LONDON, Jan. 9. The Times, in a Lacier, plainly warns the P,re-ident-cdeet, AD. Franklin Roosevelt, that it will bo impossible for debtor nations to pay unless America completely reverses her tariff and other economic policies and accepts goods and services in

payment for goods and services borrowed from her. The situation can. only be saved by wiping out the whole entanglement and accepting a final payment in full settlement, otherwise general world default is inevitable, and Lausanne and th e World Economic Conference doomed.

FR A NCR'S EXPECTATIONS. SENATOR BORAH REBUKED IN' SENATE. (U.P.A. hv Elec. Tel. Copyright) WASHINGTON, Jan. 9. Senator Borah reiterated hi-- statement in the Senate on Alonctay that France was warranted in expecting reconsideration of the war debts to follow a revision of reparations, and was sharply taken to task by Senator Johnson for not giving the Senate that view when the moratorium was under eon? id oral inn. PROPOSED PURCHASE OF SILVER. CERTIFICATES AS LEGAL TENDER FOR DEBTS. (U.P.A. hv Elec. Tel. Copyright) WASHINGTON, Jan. 9. Authority for the United States Treasury to buy 2,050,000,000 dollars worth of silver certificates, was asked to-day hy Senator Dill (Democrat. Washington).

The silver would he purchased at the market price, hut limited to a maximum of 1\- dollars an ounce of bullion. The certificates would be legal tender lor all debts.

AA f ETAIC A’ S INTE RNAT IO NA L

RELATIONS

ROOSEVELT CONFERS WITH STATE SECRETARY.

fTJ.P.A. bv Flo* 3 To 1 ., rtopyr!vfit ) (Ree. -Tan. 10. -5.5 p.m.) NEW YORK, Jan 9

The New York Times states that the whole field of international relations of the United States, including war debts. the recognition of Russia. and the policy concerning Sino-Japanese hostilities, was discussed at Air. Roosevelt's home today at a conference between AH. Roosevelt and Mr. Stirnson. Secretarv of State.

Both declined to reveal details of the conversation, but the purpose of the conference is obviously to per mit Air. Roosevelt to familiarise himself with the State Departments handling the international problems, enabling him to take prompt action after his inauguration in the Presidency.