EUROPE'S WAR DEBTS.
MR. H. C. HOOVER SANGUINE. | REPAYMENT POSSIBLE. j Australian and N.Z. Cable Aesociation. (Eccd. 8.58 p-m.) NEW YORK, Oct. 17. i Mr. H. C. Hoover, Secretary of Com- ' merce, in a speech at Toledo, Ohio, declared that repudiation of the Unite# States' war loans to Europe would undermine the whole fabric of international good faith, because the contractual obligation of the nations was clear. j "I do not approve the cancellation of 'the war debts," added Mr. Hoover. "Europe's tremendous industries and enormous productivity and the development of scientific knowledge will mean that Europe mutt win if g»ven a chance. I 1 am convinced that the war debts can be repaid within a reasonable time without ; undue strain on the debtor nations. There must be a rearrangement of the economic boundaries of Europe and a reduction of armaments, thus contributing to the balancing of Budgets and the cessation of inflation. These things would assure the recovery of Europe and ultimate payment of the war loans."
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New Zealand Herald, Volume LIX, Issue 18224, 18 October 1922, Page 9
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168EUROPE'S WAR DEBTS. New Zealand Herald, Volume LIX, Issue 18224, 18 October 1922, Page 9
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