MUST PAY

Grey River Argus, 8 December 1932, Page 5

MUST PAY

AMERICA’S DECISION Britain’s Gold Loss (Aus. & N.Z. Cable Assn.) (Rr<- ived December 7 at 10.15 p.m.) LONDON, December 7. ' ‘ Tli<‘ Times’’ says: “President Hoover’s message to Congress has finally dispelled any hope that ti- e United States would not insist on the war debt payment ou December 15th. The only alternative to payment in goods sc;vices j. s to pay in gold. This will deplete our gold reserve, will depreciate fh(j gold price of commodities, and also the do’lar value of the pound, and will close the door for a long time I to any possibility of Britain’s return to th- gold standard. The couse-i quem-es, however, arc not so disastrous ' as would In. those o’f a default. By the tim ( . that the next payment is due, the I whol" situation may have changed.! There is every reason for Air F. Roose veil (o .realise the necessity of inter- . national co-op'eralion 'l'h L > outlook, th--rrfw!c. is not completely disc.ouragFrance’s Position DEBTS TO BRITAIN. MAY RIUTSI-: TO l'.\Y U.S.A. (Aus. & N.Z. Cable Assn.) ( Rri-r: veil December 7al JU.IS p.m.) LONDON, December 7. Th<« “Daily Telegraph” says: ‘‘lt is no secret that M. Harriot (Premier of Franc-') is deeply concerned at, lhe possibility that Britain and Italy may decide to j'tiy America on December 15th, vhercas th'' French Chamber will, in all probability, decide not. to pay. AL lleiriot is anxious to know if Frame pays America, will Britain expect payment simultaneously from France, while, if Franco does no(; pay America, will Britain still expect payment from France in order to facilitate ■ her own payments to America in accordance with the Bal’fou” formula. ’’ The “Daily Herald” says: Air R. ALacDonald is informing Al. Hcrriot i that Britain will no( ox-p'ect France io ■ resume payments. Al. Hcrriot is : threatened with defeat in the French ’ Chamber in Friday’s war debt debate, but the visit of Air AlacDonald and : Air Chamberlain may savo fhe situa- 1 tion.

ANGLO-FRENCH CONVELDSATLON». (British Official Wireless.) RUGBY. December 6. Mr MacDonald is leaving Geneva tonight for Paris, travelling 'by the same train as M. Hcrriot, and will be. joia-i cd there, to-morrow, by Al r Neville ( haniberlahi. The British Ministers wrl discuss with AL Hcrriot and Al. Germain Martin (French Finance Alinister) the status of the Lausanne agreements, in the event of a continued refusal by the United States to postpone the war debt instalments dur on December 15. Th- British Government is extremely anxious that the work done at Lausanne, in devising a. settlement of reparations, should not bo distil rbed.