WAR DEBTS
ATTITUDE OF UNITED STATES WASHINGTON, October 9. Reductions in war debt payments will be considered by the United States only if European nations effect a drastic curtailment of armaments. President Hoover intends that the two subjects shall remain linked. In the approaching conference with M. Laval he expects to press the view that disarmament and a naval holiday cannot be logically separated from 'war debts. There is no indication, however, that the Administration would enter into complete revision of war debts.
The Administration made it plain today that ability to pay is still regarded as the basis for the collection of European war debts. There has been no suggestion on the part of President Hoover for an extension of the moratorium. While there is no intention on the part of the United States Government to force payments beyond the ability of foreign nations to pay, nevertheless there is a definite purpose to insist upon European Governments living up to their agreements in so far as they are able.
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Bibliographic details
Otago Witness, Issue 4048, 13 October 1931, Page 28
Word Count
170WAR DEBTS Otago Witness, Issue 4048, 13 October 1931, Page 28
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