DEFAULTING STATES
REPUDIATION OF DEBTS. QUESTION IN PARLIAMENT. (United Pres 3 Association.) (By Electric Telegraph—Coorright.) LONDON, April 18. (Received April 19, at 9 p.m.) In the Houth of Commons Mr M. G. Locker-Lampson, replying to Lieutenantcolonel Howard-Bury, said that the Government considered that it would not serve any useful purpose for representation to be made to the United States with reference to the repudiation of public debt* by certain southern States. Lieutenant-colonel rloward-Bury said that the loans were made for developmental purposes, and £78,000,000 in principal and interest was owing to British bondholders. Mr Locker-Lampson said, ''l hope you will not press the matter for the present." Mr A. Somerville: In view of the fact that America pressed the Alabama claims, and in, view of the generous manner in which we met America's claimg arising from the Great War, ought not we to press, our claims on the southern States ? Mr Saklatvala: Is not this another case where Britain, ought to send troopg to occupy the defaulting States for th« protection of British interests?
Cries of “Sit down” were the only answer.—Australian Press AssociationUnited Service.
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Bibliographic details
Otago Daily Times, Issue 20388, 20 April 1928, Page 7
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185DEFAULTING STATES Otago Daily Times, Issue 20388, 20 April 1928, Page 7
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