Reply Unacceptable In Present Form
ITALY’S ACCEPTANCE CORDIAL AND COMPLETE
Received Thursday, 7.45 p.m. WASHINGTON, June 24,
The French Note on reparations received to-day so modifies President Hoover’s proposal as to appear disappointing and unacceptable in its present form. It is understood that Franco wants the non-postponable reparations and annuities paid into the World Bank and the money loaned back to Germany. France wishes that no precedent bo set for the suspension of the Young Plan. President Hoover’s advisers, however, are inclined to believe that a compromise will be reached assuring the putting into effect of the moratorium.
Colonel H. L. Stimson’s statement to-day is regarded as a friendly gesture toward France, indicating that America will agree to some change in the details if the basic nature of the Hoover proposal is accepted. The State Department has been informed by Ambassador Garrett that the Italian acceptance of, Hoover’s moratorium proposal was cordial and complete and without reservations of a political nature.
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Horowhenua Chronicle, 26 June 1931, Page 7
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161Reply Unacceptable In Present Form Horowhenua Chronicle, 26 June 1931, Page 7
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