NO BIG LOAN FOR RUSSIA
UNITED STATES DECISION PRICE OF SOVIET PROMISE NEGOTIATIONS COLLAPSE EUROPEAN DEBTS NOT PAID By Telegraph—Press Assn.—Copyright. Rec. 9 p.m. Washington, Sept. 6. The refusal by President Roosevelt to grant Russia a long-term loan and commercial credits for more than 200,000,000 dollars caused a collapse to-day of debt and trade negotiations between the two Governments; The President told the State Department it would be undesirable to grant a long-term loan to any foreign country because of Europe’s tremendous unpaid debt to the United States. He continued that the Russian insistence on a loan as the price for Russia’s promise to pay hundreds of millions in debts to and claims by the United States made futile any immediate continuance of the negotiations.
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Taranaki Daily News, 8 September 1934, Page 7
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125NO BIG LOAN FOR RUSSIA Taranaki Daily News, 8 September 1934, Page 7
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