United States Wants I.O.U.'s

Manawatu Times, Volume LV, Issue 6841, 23 April 1932, Page 5

United States Wants 1.0.U.'s

FORMAL REQUESTS ISSUED,

WASHINGTON, April 21. Formal requests have gouc to the nations which benefited by the oneyear moratorium, expiring next .June, to place in legal form their agreements to pay tho United States their postponed war debt instalments over a tenyear period. This new element has stirred considerable interest because of its coinciding with the renewed clamour over the cancellation or revision of tho debts and the British Budget’s omission of tho debt item, but State Department officials maintained that it was a routino step which had been delayed much longer than was normal. Partly, at least, this was because tho moratorium beginning last July was not ratified by Congress until mid-winter. Whether the Administration’s hones for the success of President Hoover’s proposal that tho War Debt Funding Commission be rovived were a factor in the long delay was"a matter in speculation. Congress put a quietus on that immediately after tho suggestion had been advanced and at every opportunity members liavo reasserted their unalterable opposition to anything bordering on cancellation moves by this country. There has been evory indication that tho Administration accepted tho situation and had no intention of going any further.