Belgium Repudiates
Received Wednesday, 9 p.m. PARIS, Dec. 14. The Belgium Cabinet announced that the American debt, the December instalment of which would be £425,000, was based on Belgium’s capacity to pay, but the moratorium on the Lausanne Agreement deprived her of essential receipts, .therefore payment on December 15 was impossible. It is understood that Poland, whose instalment is £860,000, is unlikely to pay America.,
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Bibliographic details
Manawatu Times, Volume LV, Issue 7031, 15 December 1932, Page 7
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65Belgium Repudiates Manawatu Times, Volume LV, Issue 7031, 15 December 1932, Page 7
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