ITALY’S WAR DEBTS.

Hawera Star, Volume XLV, 23 January 1926, Page 5

ITALY’S WAR DEBTS.

ATTITUDE OF AMERICA OPPOSITION TO ARRANGEMENT LONDON, .Tan. 1?. The ratification bv the United St lies of the Italian debt settlement is by no means certain, according to'the Wa-.'c ington correspondent of the Times. He says opposition to the arrangement lias undoubtedly been engendered by the widespread feeling that those who conducted the negotiations did not care whether the United States benelite 1 or not, but merely wanted to "put Italy in a position to borrow American capital.” Nervousness regarding the "antidemocratic” character of the Mussolini Government is also influencing the issue, especially since the recoil talk at Rome about an Imperial revival, which is sure to prompt members of both Houses lo denunciatory eloquence. Meanwhile interest is centred on the London negotiations for the funding of Italy’s debt t<- Britain. It is declared that if Italy agrees to terms which ar-> considered to be more favourable to Uncreditor then is the American arrangement any chance of Congressional ratification will be dissipated.