LIQUOR TARIFF
NEW AMERICAN BILL TREATMENT OF DEFAULTERS WASHINGTON, Jan. 11 On a plea from the Administration's spokesman that it would hamper the President in his foreign trade bargaining, the Senate reconsidered and defeated its own amendment to the Liquor Bill which fixed heavy tariff excises against nations which have defaulted on thteir war debt payments.
Tho Senate, however, unanimously adopted a bill presented by Mr. H. W. Johnson (Republican—California) to prohibit financial transactions, private or public, with foreign Governments who are in default with their obligations to the United States. „ The text of the bill is, in part, "Hereafter it shall bo unlawful f<jr any person to purchase or sell bonds, securities o! other obligations to any foreign Government issued after the passage of this . Act, or to mako any loan to such foreign' Government, or political subdivision thereof, while such Government or subdivision is in default with payment of its obligations or any part thereof to the Government of, or to any citizen of, the United States. " Any person violating the provisions of this. Act shall be subject to a fine of not 1 more than. 10,000 dollars or imprisonment for not more than five years, or both." ' I / 1 ' ===== " / ,
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Bibliographic details
New Zealand Herald, Volume LXXI, Issue 21698, 13 January 1934, Page 12
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202LIQUOR TARIFF New Zealand Herald, Volume LXXI, Issue 21698, 13 January 1934, Page 12
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