WAR DEBTS

New Zealand Herald, Volume LXX, Issue 21505, 31 May 1933, Page 11

WAR DEBTS

HOPEFUL OUTLOOK / MR. ROOSEVELT'S MOVE TBEATY-MAKING rOWER DETERMINATION TO USE FREE VOTE IN COMMONS p v Telecrrftp l " Press Association—Copyright {Re,oiv*ed May ."0. S.n p.m.) NEW YORK. May in The Washington correspondent of the New York Times says it. is learned authoritatively that President Roosevelt, will use Ins treaty-making power to effect- a war debt settlement with Britain and Franco with a view to a. permanent- reduction of debts and probably a suspension of the payments duo on June Jo. Wbiie these negotiations are in progress it. is understood that tho debtor (Governments will be in a. position to waive the instalments duo on the ground that a settlement is being arranged. / A message from London states that the political writer of the News Chronicle says tho British Cabinet has not reached even provisional agreement or decision as to the next war debt payment. The Chancellor of the Exchequer, Mr. Neville Chamberlain, and the President of the Board of Trade, Mr. Walter Kunciman, are believed to be opposed to Mr. Baldwin and tlio Dominions Secretary, Mr. J. H. Thomas, who say, " pay, whatever the consequences." It is understood that the Cabinet has agreed to leave the matter to a free vote of the House of Commons, which is likely to favour payment. GOLD REPEAL AMERICAN MEASURE LOWER HOUSE APPROVES (Received May 30, 8.5 p.m.) WASHINGTON, May 29 The Government's, resolution cancelTing the g6kl clause in all Federal and private obligations was passed by the House of Representatives to-day by 283 "otes to 57.