Will America Unbend?
BRITAIN’S FAVOURABLE POSITION Eeeeived Monday, 9.45 p.m. WASHINGTON, May 21. With Congress tentatively scheduled to adjourn early in June there is much speculation regarding any definite war debts- policy the President may take before the convening of the London Conference. Earlier reports that he was prepared to send a message to Congress* requesting power to. negotiate an agreement during the recess are widely denied .in Congressional circles, and it appears obvious to observers that despite some change of opinion the majority of Congress is still opposed to cancellation or extensive revision.
However, t, message asking power to negotiate tariff treaties will probably be presented soon, with no serious opposition expected, although in anticipation of possible wholesale defaults of war debt payments on June 15, the attitude of “pay or default’’ is widely expressed. Informed observers understand that President Roosevelt is still hopeful that his original policy of accepting proposals for readjustment from individual nations and transmitting them to Congress for approval or rejection may prove successful at least in the case of Britain. It is felt that this nation’s debt was funded on exceedingly hard terms, and a specific request for readjustment might be accepted by Congress.
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Horowhenua Chronicle, 23 May 1933, Page 7
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200Will America Unbend? Horowhenua Chronicle, 23 May 1933, Page 7
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