PRESS COMMENTS

Grey River Argus, 16 June 1933, Page 5

PRESS COMMENTS

Praise for Roosevelt VISION AND COURAGE (Aus. & N.Z. Cable Assn.) (Received June 15 at S 30 p.m. j LONDON. June 15The ‘‘Times'’ in a loader says that nothing could be more satisfactory than the Anglo-American agreement. Mr Roosevelt deserves world-widu credit for his vision, courage and cooperation, despite domestic difficulties, enabling the negotiation of a final settlement in an atmosphere of good will and mutual accommodation. The ‘‘Daily Mail” says that Mr Roosevelt accepted the proffered payment in a generous and statesmanlike spirit. Congress itself can hardly dispute the ruling of the United States Treasury in 1925. which declared that it was axiomatic that no nation can bo required to pay to another Government sums in excess of its capacity to pay. Other press comment expresses tho opinion that the way is now open for a substantial trade recovery City business circles received the nows of the debt settlement with relief after a day of suspense. It i s likely that the announcement will have a splendid reflex in the markets. To-day the ‘‘Financial News’’ says that real progress has been made towards a general understanding on the subject of currency stabilisation. Mr R. B. Bonnett has had some long conversations with Mr Chamberlain and Mr Hull Well informed French circles believe that the agreement will bp only a matter of days.

A PRESS OPINION.

LONDON, Juno 15. Tin* ‘‘Sun’’ Service says; Possibly Australia’s future Avar debt payments to Britain will be* affected by the result of Mr Roosevelt’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 ten per cent

FEELING IN OTHER COUNTRIES.

(Received June 15 at 8 30 p.m.) LONDON, .Tune UM. Lebraton (Argentina) opposed the quotas, and added that the* primary producing countries were encouraged to produce during war. Now, acute nationalities in Europe had dosed the markC'ts, resulting in an excess of agricultural products. Thp “Mail’’ learns that France will not follow Britain’s example of a token payment to America, as tho Chamber’s resolution in December, refusing payment pending the debt conference, constitutionally prevents a payment in any form. The ‘‘Times” Riga correspondent states that Latvia and Esthonia will not pay America.