DEBTS TO AMERICA
TREASURER’S PLANS FOR PAY*. MEXT. Australian and N.Z. Cable Association. (Received Julv 29. 10.20 p.m.) ! WASHINGTON, Jtfly 23. The Senate Finance Committee reports favourably on a bill giving Mr Mellon, Secretary to tho Treasury, unlimited power to arrange for the collection of foreign loans. Outlining his plans Mr Mellon said that starting with. Britain and then dealing with Franc© and other countries, he would ask each debtor to submit a statement telling how at could pay and what terms were desired. He would defer interest on collections for some time, although not necessarily to April, 1922, the date concernng which the U rmer Secretary to the Treasury,. Mr Houston, had an understanding with Britain. Air Mellon said lie might consent to still further defer payments of interest if sought, by Britain and France, and would not accept bonvL from any nation except a direct creditor.
Permanent link to this item
https://paperspast.natlib.govt.nz/newspapers/NZTIM19210730.2.75
Bibliographic details
New Zealand Times, Volume XLVII, Issue 10966, 30 July 1921, Page 7
Word Count
148DEBTS TO AMERICA New Zealand Times, Volume XLVII, Issue 10966, 30 July 1921, Page 7
Using This Item
Stuff Ltd is the copyright owner for the New Zealand Times. You can reproduce in-copyright material from this newspaper for non-commercial use under a Creative Commons BY-NC-SA 3.0 New Zealand licence. This newspaper is not available for commercial use without the consent of Stuff Ltd. For advice on reproduction of out-of-copyright material from this newspaper, please refer to the Copyright guide.
Log in