DEBT FUNDING

New Zealand Times, Volume L, Issue 11437, 6 February 1923, Page 5

DEBT FUNDING

AMERICAN LEGISLATION. OPPOSITION VANISHING. Australian and N.Z. Cable Association, (Received February 5; 8.25 p.m.) NEW YORK, February 5. According to the “New York Times” Washington correspondent. President Harding will confer to-morrow with the leaders of the House and the Senate concerning the British debt legislation. The President will do everything in his power to avoid the addition of an amendment to the bill providing for the soldiers’ bonus, but should this be done it is expected the amendment will be killed in the Senate. President Harding has received reports that the opposition to the funding is steadily decreasing. There will probably be less than 20 Senators against tho measure. It is pointed out that the opposition, which will take the ground of too lenient terms, will be unable to overcome the fact that in the view of the American Debt Commission’s acceptance of these terms it is improbable the British would accept more stringent conditions if negotiations were reopened.