ITALY'S WAR DEBTS.

New Zealand Herald, Volume LXIII, Issue 19230, 20 January 1926, Page 9

ITALY'S WAR DEBTS.

ATTITUDE OF AMERICA. OPPOSITION TO ARRANGEMENT. LONDON, Jan. 13. The ratification by the United States of the Italian debt settlement is by no means certain, according to the Washingtoil correspondent of the Times. He says opposition to the arrangement has undoubtedly been engendered by the widespread feeling that those who conducted the negotiations did not care whether the United States benefited or not, but merely wanted to " put Italy in a position to borrow American capital." Nervousness regarding the "antidemocratic" character of the Mussolini Government is* also influencing the issue, especially since the recent talk at Rome about an Imperial revival, which is sure to prompt members of both Houses to denunciatory eloquence. Meanwhile interest is centred on the London negotiations for the funding of Italy's debt to Britain. It is declared that if Italy agrees to terms which are considered to bo more favourable to the creditor than is the American arrangement any chance of Congressional ratification will be dissipated.