DEBT TO AMERICA.

Taranaki Daily News, 18 January 1923, Page 5

DEBT TO AMERICA.

DEADLOCK OVER INTERESI. THREE PER CENT. AIMED AT ' By Tel?granh.—Press Assn. —Copyright Received Jan. 17, 7.25 p.m, Washington, Jan. 16. The American and British dety funding commissions have virtually reached a deadlock over the adjustment of interest, upon which question the British sought a forty-eight-hour postponement to copununicate with their Home Government. . It is understood the British delegation informed the American commission that it had been instructed to remain firm in insisting on a long maturity period and interest as low as three per cent., to which the American commission did not agree. It is believed Sir E. Norman (governor of the Bank of England) will remain for some time should an agreement not be reached —Aus.-N.Z. Cable Assn. / ■ “WELL ABLE TO PAY? AMERICAN SENATOR’S VIEW. Received Jan. 17, 8.5 pun. Washington, Jan. 16. Senator McKellar, in a speech, said Britain was maintaining the most expensive army in the world, financing purchaeefl of oil lands in various narte of the worfd, lending money to foreign countries, and was well able to nay hex war debt to the United States. He added: “In every transaction we had with Britain during the war ehei put the matter on a business basis, and she also charged us for everything. We have paid fully, and now Britain should pajt us.”—Aus.-N.Z. Cable Assn. ISLANDS IN PAYMENT. Received Jan. 17, 7.26 p.rti. Washington, Jan. Id. White House has intimated that it doeg not favor the suggestion to acquire tho British West Indies in payment of the British debt. The Administration does not care to be burdened with any additional possessions at this time, feeling it has sufficient in attending to the administration of the Philippines and Porto Rica, —Aus.-N.Z. Cable Assn.