AMERICAN FINANCE.

Manawatu Times, Volume XLVI, Issue 2076, 17 March 1922, Page 5

AMERICAN FINANCE.

A SENSIBLE SUGGESTION. [By Electric Cable —Copyright.] 11 [Aust and N.Z. Cable Association.] , IS (Received Thursday, S p.m.) NEW YORK, March 15. cs Mr Otto Kahn, in a speech, said: “ e “I would utilise the United States monetary claims against the Allied "* nations and portion of our own over- '■ abundant gold holdings, and every . other legitimate means to aid Euroj e poau stabilisation, which is indispensable if the world is to recover an even keel. I would cancel the Allied war debts to the extent that they are war debts: not as free gifts, but in return for adequate pledges from the nations concerned, leading to the elimination or mitigation of those cir:o cumstauces which now keep Europe ,ii in turmoil.” ;t c- RELIEF FOR AUSTRIA. h lC (Received Thursday, 8 p.m.) s WASHINGTON, March 15. _ :o The Senate adopted Senator Lodge's it resolution, extending for twenty-live - e years the fifty million dollar loan to Austria for famine relief. PERSIAN OIL INTERESTS. (Received Thursday, <S p.m.) TEHERAN, March 15. The Government has received £200,000 in advance from Washington against future oil royalties, indicating that the Standard and Anglo-Persian companies have reached an agreet ment regarding the conflicting ln- [ terests in the Persian old flelds. t OCCUPATIONAL CHARGES. a (Received Thursday, 8 p.m.) a, NEW YORK. March 14. The United States has been assured [1 by the Allies that all the American s rights to compensation for the utilis tary occupation of Germany out of the e German reparations had been rey served. Thus the reports that the t Allies intended to disregard the . United States in the appropriation of o the occupational charges out of Gcr- . many’s latest reparation instalment e have proved unfounded.