SQUARING UP

Hawke's Bay Tribune, Volume XVIII, Issue 288, 21 November 1928, Page 5

SQUARING UP

WAR DEBTS AND REPARATIONS

AMERICA’S ANNUAL DRAWINGS

CHURCHILL’S STATEMENT

[British Official Wireless.)'

(Received 21, 11.30 a.m.) Bugby, Nov. 20.

The Rt. Hon. Winston Churchill stated in the House of Commons, in reply to a question, that the annual payment to the United States in repayment of the war debt was £33,000,Q00 per annum, and that the British receipts in respect of allied debts should be £12,800,000, including £8,000,000 from France and £4.000,000 from Italy. Reparations, he said, should amount to £19,000,000, making £32,000,000 as against £33,000,000, The annual payment to the United States, he pointed out, would rise to £38,000,000 after 1933. and receipts from the allied war debts and reparations would also rise in proportion, in accordance with the settlement, agreed to. REICHSTAG REJECTS NATIONALIST MOTION. (Received 21, 11.10 a.m.) lUnited Press Association—By Cable Copyright.) (Australian Press Assn.--United Service.) Berlin, Nov. 20. The Reichstag, by 219 votes to 98, rejected a Nationalist motion demanding the reduction of reparation payments by £50,000 annually, and devotion of that money to agricultural relief. The motion was regarded as tantamount to one of no-confidence in Dr. Stres'emann. [Earlier cables anent reparations will be found on page 6.]