AMERICA’S DEBTORS
QUITE ABLE TO PAY. MR-MELLON EMPHATIC. (Press Association—By Telegraph—Copyright.) LONDON, September 23. (Received Sept. 23, at 5.5 p.m.) It ia confirmed in authoritative quarters that Mr A. W. Mellon (Secretary of the Treasury in the United States) as' a result of his European lour advised President Coolidge that there was no need at present for any variation in the war debt agreements, including the still imratified Franco-American agreement. Mr Mellon says that he satisfied himself (states the Daily Telegraph’s diplomatic correspondent) that the agreements are well within the real capacity of the debtors to pay. The suggestion that they are proving unbearable is nonsense, since, except for Britain, the debtor nations have hardly begun to pay at all and then only trifling annuities over a prolonged initial period.—A. and N.Z. Cable.
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Otago Daily Times, Issue 19903, 24 September 1926, Page 9
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133AMERICA’S DEBTORS Otago Daily Times, Issue 19903, 24 September 1926, Page 9
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