WAR DEBTS

Temuka Leader, Issue 10894, 20 August 1932, Page 1

WAR DEBTS

THE SETTLEMENT PROBLEM. AMERICA'S TWO CHOICER. NEW YORK. Aug. 17 “The United States’ choice between a reduction of the war debt settlements of the Allies and insistence on full payment is actually a choice be ween an orderly and a disorderly world,*’ declared Professor T. E. Gregory, of the Loudon School of Economies, when addressing the Institute ut Politics at Williamstown, Massachusetts. "If the United Stales refuses to reduce the war debts,’’ be asserted, “it is as certain as anything that a revival of the reparations question will lead to a moratorium by Germany on private as well as public debt. Altered circumstances have reduced, Britain’s capacity to pay her debts to the United Slates.”