BORAH AGAIN

Hawke's Bay Tribune, Volume XXII, Issue 35, 25 January 1932, Page 8

BORAH AGAIN

OPPOSED TO EXTENSION OF MORATORIUM FRANCE’S LEADERSHIP NEEDED IN EUROPE. WASHINGTON PESSIMISTIC. By Telegraph—Press Assn.—Copyright Washington, Jan. 23. Senator Borah has issued a statement against the extension of the Hoover moratorium under present circumstances and placing the responsibility upon France for leadership in Europe at a time when disaster may be impending. Taking issue with M. Laval’s statement of policy, he said: “Why should the United States be interested therein? If France would put out a programme that points towards rebuilding Europe, 1 venture the opinion that the United States would be found extremely interested. The United States has never since the world war hesitated to help when help was towards real relief in Europe.” The “New York Times’ ” Washington correspondent states that Government leaders do not disguise their pessimism, which is shared by Senatoi Borah, over the course of events in Europe in the next few weeks or months should that continent stand on the old ground and permit matters to drift, but it is again asserted on authority to-day that if Europe does not act this country will not move, even to prevent a serious crash.

GERMANY’S SHORT TERM DEBTS. A YEAR’S EXTENSION. Berlin, Jan. 24. The foreign creditors committee agreed with tho German committee representing debtor interests to prolonging for a year from February 29 the existing standstill agreement, subject to modifications and the permission of earlier maturity if unfavourable developments compelled creditors to • resume freedom of action. Short term debts involved amount to £268,000,000 which it is considered Germany can carry when normality returns. The report condemns the rising trade barriers and says the committee was Impressed by the sacrifices of the German people. It was imperative that hindrances to development should be removed and no time should be lost or the countries would grow poor together. Tne obverse was also true—all would grow rich together in lightening the burdens. Greater freedom of trade on nching one country would enrich all. MF. MacDONALD & M. LAVAL. MEETING THIS WEEK. LONDON, January 24. There will be no Lausanne conference on Monday. The latest development is that a meeting of M. Laval and Mr MacDonald wi) probably be held at a Channel port about the middle of the week to discuss reparations and debts.