PARTIAL PAYMENT

Otago Daily Times, Issue 21980, 15 June 1933, Page 7

PARTIAL PAYMENT

TO BE “RECEIVED” BY PRESIDENT. WASHINGTON, June 13. (Received June 14, at 8 p.m.) According to authoritative word received to-night President Roosevelt, while carefully distinguishing between receiving and accepting Great Britain’s preferred partial payment of the war debt instalment, is expected to take the sum offered with a distinct understanding that such action will not invalidate America’s claim to the unpaid remander. THE PRESIDENT’S REPLY A SURPRISE EXPECTED. WASHINGTON, June 13. (Received June 14, at 8.5 p.m.) President Roosevelt will reply to-mor-row to the British offer of a partial payment of the war debts instalment with a message which is expected to spring a surprise among the company of nations. There is basis for the conviction hero that the injection of the war debts issue into the economic parley has brought about a situation which has called for an American answer. It is indicated in high quarters that the surprise will be contained in either the message of reply regarding the debts or an accompanying document. The intention of President Roosevelt is to receive Britain’s proffered payment pending the ‘'accomplishments of the World Conference on the stabilisation of currencies and the lowering of world tariff walls. FEELING IN OFFICIAL CIRCLES WASHINGTON, June 13. (Received June 14, at 8.40 p.m.) Administration circles to-night did not reflect the optimism of the London press reports that the British offer of a partial payment, as indicated in the Note delivered to White House, would be immediately acceptable. There is some feeling that the question is nevertheless rapidly approaching a condition the outcome of which will be a mutually acceptable settlement. Political considerations meanwhile are obviously dictating President Roosevelt’s cautious direction of the matter.