WAR DEBTS

Hawera & Normanby Star, Volume XLI, Issue XLI, 14 February 1921, Page 8

WAR DEBTS

PROPOSALS. FOR CANCELLATION

Rejected by America.

BY CABLE—PRESS ASSOCIATION— COPYRIGHT (Received Feb. 14, 8 a.m.) • ' WASHINGTON, Feb. 12. Mr Houston informed the Senate Foreign Relations Oqu?w,ittee that Bntin on several occa&bja^ -■made advances to the United States with' a view to , -cancelling Britain's .debt to America. The first advances came during the Peace Conference, and have 'been le- , peated since then, but the Treasury ■ Department disapproved*, every time. France sounded theUufc^a States concerning the cancellation of the French oebt to the United States, but because v? erican attitude was unfavourable France never definitely proposed cancellation.