LONDON COMMENT

Southland Times, Issue 22043, 16 June 1933, Page 7

LONDON COMMENT

SATISFACTION EXPRESSED. TRIBUTE TO MR ROOSEVELT. (United Press Assn.— Telegraph Copyright.) (Rec. 7.0 p.m.) London, June 15. The Times in a leading article says: “Nothing could be more satisfactory than the Anglo-American agreement. Mr Roosevelt deserves world-wide credit for his vision, courage and cooperation, despite domestic difficulties, enabling the negotiation of a final settlement in an atmosphere of goodwill and mutual accommodation.” The Daily Mail says: “Mr Roosevelt accepted the proffered payment in a generous, statesmanlike spirit. Congress itself can hardly dispute the ruling of the United States Treasury in 1925, when it declared that it was axiomatic that no nation could be required to pay another Government sums in excess of its capacity to pay.” Other Press comment expresses the opinion that the way is,now open for substantial trade recovery. City and business circles received the news of the debts settlement with relief after a day of suspense. It is likely that the announcement will have a splendid reflex in the markets to-day. The Sun Service says that possibly Australia’s future war debt payments to Britain will be affected by Mr Roosevelt’s decision, because it'is unlikely if Australia has to resume payments that Britain will ask for a higher ratio than she is paying America, namely, 10 per cent. The Daily Mail learns that France will not follow Britain’s example of token payment to America, as the Chamber of Deputies’ resolution m December refusing payment pending a debt conference constitutionally prevents payment in any form. The Riga correspondent of The Times states that Latvia and Esthonia will not pay America.