BRITISH WAR DEBT
WASHINGTON RUMOURS
PLANS FOR SETTLEMENT
WASHINGTON, Aug u st 1
A wide variety of rumours, all denied By the State Department, and all attached to the Anglo-American negotiations for "a reciprocal trade treaty, are in circulation in Washington. The most circumstantial is that “Britain has agreed to make' an immediate payment of 600,000,000 dollars on account of her war debt and no further payment for 10 years. Then would follow the payment of one and one-half per cent of the principal over 60 years, with the balance virtually subject to compromise, and no further interest payments. Other aspects of the scheme are said to involve a common currency stabilisation plan and a reduction in the pric° of gold.
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Hokitika Guardian, 27 August 1937, Page 8
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121BRITISH WAR DEBT Hokitika Guardian, 27 August 1937, Page 8
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