DEBT REPAYMENT

Manawatu Standard, Volume LII, Issue 306, 24 November 1932, Page 8

DEBT REPAYMENT

3.15 P.M. EDITION

BOLD COURSE ADVOCATED. BREAK WITH UNITED STATES. (United Press Association —By Electric Telegraph—Copyright.) Received November 24, 1.15 p.m. LONDON, Nov. 23. In the House of Commons Mr L. C. Amery said it was not beyond our capacity to meet obligations in the United States if we had the courage to take the necessary unpleasant steps. We were tree both of tree trade and the gold standard. We could, lie added, pay three years’ payments to the United States in the shape of 100 millions in gold, which was only kept in the Bank of England as a tribute to an old superstition, then give notice to terminate the Anglo-American Commercial Treaty and one year hence impose special tariffs on United States goods payable in gold or dollars, or listen to counter proposals. SUPPORT FOR STERLING. BANKERS’ ASSURANCE. Received November 24, 12.50 p.m. NEW YORK, Nov. 23. The Evening Post said to-day that, according to persistent reports in the financial district, New York banking interests, headed by J. P. Morgan and Company, have assured private London bankers that substantial credit will be advanced to support sterling if it is needed as a result of the payments by the British Treasury of the 90 million dollars of the war debt due to the United States on December 15.