START OF DEBT HOLIDAY.
Fixed for First of July.
CORDIAL RECEPTION OF PROPOSAL. British Official Wireless RUGBY, June 25. Mr A. Mellon, Secretary to the United States Treasury, left for Paris to-day. He declined to discuss the purpose of his mission, but the newspapers anticipate that he will discuss with the authorities the details in connection with the French reservation to President Hoover’s proposals, which are due to take effect on Wednesday. Mr Mellon may visit Berlin after Paris. The acceptance in principle of President Hoover’s proposals had a tonic effect on the business community. There is an optimistic tone on the London Stock Exchange, and to-day the active trading in British funds, with the increased public inquiry for industrial shares, were features of the market. TO VISIT ITALY. JOURNEYING OF AMERICAN STATESMAN. United Pregg Association—By dectrlo Tel egranb—Coprrlglit WASHINGTON, June 25. The United States’ Secretary for State, Mr H. L. Stimson, will sail on Saturday on the Conte Grand for Naples. He had previously planned to spend his vacation in Europe, but he may participate in the negotiations to suspend the war debt payments.
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https://paperspast.natlib.govt.nz/newspapers/THD19310627.2.57
Bibliographic details
Timaru Herald, Volume CXXXIV, Issue 18914, 27 June 1931, Page 13
Word Count
185START OF DEBT HOLIDAY. Timaru Herald, Volume CXXXIV, Issue 18914, 27 June 1931, Page 13
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