EUROPE'S WAR DEBT.
AMERICAN BANKER'S VIEW. CANCELLATION ADVOCATED. Australian and N.Z. Cable Association. (Reed. 7.30 p.m.) NEW YORK. March 15. Mr. Otto Kahn, the American banker, in a speech here, said that he would utilise the United States' monetary claims against the Allied nations and a j portion of her over-redundant gold holdi ings and ever}' other legitimate means to ! aid European stabilisation, which was indispensable if the world was to recover, j "I even feel," said Mr. Kahn, "that I I would cancel the Allied war debts to the 1 extent that they are war debts, not as free gifts, but in return for adequate pledges from the nations concerned that i would lead to the elimination or miti- . gation of the circumstances which keep j Europe in a turmoil." 1 , I REPARATION FOR AMERICA.
ALLIES RESERVE RIGHTS. A. and N.Z. PARIS. March 15. The Petit Parisien states that the British, Italian, French and Belgian Finance Ministers, in replying to the United States memorandum, point out that a clause has been inserted in the March financial agreement reserving the rights of the United States; also that the Finance Ministers have not power to settle definitely the question, which must be dealt with by the Allied Governin ente.
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New Zealand Herald, Volume LIX, Issue 18042, 17 March 1922, Page 5
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208EUROPE'S WAR DEBT. New Zealand Herald, Volume LIX, Issue 18042, 17 March 1922, Page 5
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