WAR DEBT TO AMERICA

Hawera Star, Volume LIII, 30 September 1933, Page 5

WAR DEBT TO AMERICA

COMING TALKS WITH BRITAIN BUSINESS OUSTING DIPLOMACY. SUBJECT FOR THE TREASURY. RETURN TO WILSON POLICY. f United Pres.« Association —By Electric Telegraoi Copyright.) WASHINGTON, Sept. 29. An atmosphere of business instead of diplomacy will surround the war debt discussions next week with representatives of the British Government. They will be conducted by Dean Acheson, Under Secretary' to the Treasury, and Air Frederick Livesay, economic adviser of the State Department.

In putting the negotiations in the hands of the Treasury the Government has returned to the policy followed early' in the debt problem under President Wilson. They are regarded as a Treasury' matter. Alore recently under President Hoover Mr H. C. Stimson of the State Department handled the problem and continued to do so even into the early stages of the present administration.

The conversations are expected to begin on Friday next after the arrival of Sir Frederick Leith-Ross and bis companions, the British Ambassador ("Sir Ronald Lindsay) and Air. T. O. Bewley, a British Treasury expert. The British have paid well over two billion dollars on account of war debts while all other debtors combined have paid only seven hundred and twenty millions.