REVISION OF DEBTS

Hawera Star, Volume LII, 25 January 1933, Page 5

REVISION OF DEBTS

RGOUESTS TO AMERICA VIRTUALLY ALL CONCERNED REACTION TO NOTE TO BRITAIN. PROMPT STEP BY ITALY. (United Cress Association—By Kieotric Telegraph Copyright,.! WASHINGTON, Jan. 23. While Mr. l ,k . D. Roosevelt, Presi-dent-elect, is at Warm Springs prepared to study ecoiionne proolems, both domestic unci ioreign, .if ' became- apparent here to-day that the incoming administration will be confronted with, debt negotiations; with virtually-all the delator governments.

The hrst reaction to the HooverRoosevelt communique agreeing to a conference with Britain came from Italy, whose ambassador. Signor Rosso, visited Mr H. L. Stimson, Secretary jof State, inquiring informally about the prospects of debt revision after the inauguration of Mr. Roosevelt oil. March 4 and for an. interpretation of the communique. Observer? have expressed the opinion that Italy, probably viewing herself in the .same category as Britain by virtue of having met the Decembej.- instalment payment of war debts, undoubtedly will seek to have her case reviewed soon after the British negotiations have started. Meanwhile the Belgian ambassador (M. May) visited the Under-Secretary (Mr. Castle) and Sir Ronald Lindsay, the British Ambassador, conferred with .the AssistantSecretary of State (Mr. Bundy). Nothing was disclosed concerning the calls. It is authoritatively learned that Mr Stimson will. confer “when it: is advisable” with Professors Moley and Tugwell, Mr. Roosevelt’s advisers, presumably concerning the phase mentioned in the communique. y