NEED OF AGREEMENT

New Zealand Times, Volume L, Issue 11423, 20 January 1923, Page 5

NEED OF AGREEMENT

NO HAGGLING OVER DETAILS. “PARAMOUNT IJJPORTANCE.' * Australian and N.Z. Cable Association. (Received January 19, 10.20 p.m.) NEW YORK, January 18. The American Press uniformly expresses disappointment at the break-up of the British-American Debt Funding Conference, and stresses the paramount importance of reaching a quick settlement without haggling over details. The “New York Times” says: “The hitch came partly if not largely over minor details such as interest. No effort should be spared to impress upon the people of this country the immense importance of- a settlement with Britain.” VIEWS FAR APART.

The “Cleveland Plain Dealer” says: “The failure of the American * and British Commissions to agree upon definite recommendations,' even for an amendment of the American funding law, is a fair indication that they were far apart in their points of view. The debt issue will probably drag indefinitely until President Harding changes his mind and calls a special session of Congress in the late spring.” The "Boston Herald” remark*: “The European necessity is an agree ment between the United States and Britain concerning the British debt. The conference must not allow a split over the interest rate.”