UNITED STATES MONEY FOR FOREIGN FORCES

Manawatu Times, Volume LIV, Issue 6815, 19 January 1929, Page 9

UNITED STATES MONEY FOR FOREIGN FORCES

MOVE TO PREVENT LOANS. AMERICAN OBSERVERS AT REPARATIONS CONFERENCE. United Press Association —By Electri! Telegraph—Copyright, Received Friday, 7.20 p.m. WASHINGTON, Jan. 17.

Senator Tydings, in the course of a long speedh in which he actively defended America’s right to build a Navy to re-establish the 5-5-3 ratio and advocating tho passage of tho Cruisor Bill, offered two resolutions designed to prevent the issuing of loans by the American Government or bankers to foreign governments who maintain large military and naval armaments. Ho submitted cables showing that much of the money borrowed by foreign governments in the United States was being used for the maintenance of large armies and fleets. Sir Esmo Howard (British Ambassador) officially informed Mr. F. B. Kellog that the foreign governments had decided to invite Messrs. Morgan and Young to serve as unofficial Amorican representatives in the reparations investigation and announced ho was going immediately to New York to invite Messrs. Young and Morgan to accept. Sir Esmo said ho had high hopes that Mr. Morgan would be agrooable.