WAR DEBTS.
NO-HOPE OF REDUCTION IN PAYMENTS. Jsy Cable —Press Association —rCopyright* Australian and N.Z. Cable Association. (Received March 17, 10.45 p.m.) WASHINGTON, March 1.7. Mr A. W. Mellon (Secretary to the Treasury), replying to the. Princeton war debt statement, denied that the ?aynients by the Allies will impose a ax burden upon them. The reopening of settlements would cause discord and confusion. He concluded by /saying that if the amounts of the commitments were reduced, with a proportionate reduction, of the German reparations, the burden would be transferred to the American taxpayer.
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Timaru Herald, Volume CXXIII, 18 March 1927, Page 9
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93WAR DEBTS. Timaru Herald, Volume CXXIII, 18 March 1927, Page 9
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