WAR DEBTS
THE HOOVER MORATORIUM. CONGRESS COMMITTEE APPROVES. (United Press Assn.—By Telegraph—Copyright.) Washington, December 17. The House Ways and Means Committee to-day adopted an amendment to the Hoover moratorium, declaring the cancellation or reduction of foreign debts to be against the policy of Congress. The amendment as proposed by Representative Ragon (Democrat, Arkansas) read: “It is hereby expressly declared to be against the policy of Congress that any indebtedness of foreign countries to the United States should be in any manner cancelled or reduced, and nothing in this joint resolution for the ratification of the Hoover moratorium shall be construed as indicating a contrary policy or as an implication to give favourable consideration at .any time to a change in the policy hereby declared.”
1116 moratorium took its first legislative hurdle to-day by gaining the approval of the House Ways and Means Committee. The committee attached the amendment, and four Democrats voted against giving the moratorium a favourable report to the House.
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Southland Times, Issue 21581, 19 December 1931, Page 5
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162WAR DEBTS Southland Times, Issue 21581, 19 December 1931, Page 5
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