WAR DEBTS
NOVEL SCHEME FOR REPAYMENT United Press Association—By Electrl. Telegraph—Copyright (Received February 5, 10.10 p.m.) WASHINGTON, February 4. Senator Lewis, who is noted for his continued agitation regarding war debts, advanced a novel scheme to-day for meeting financial difficulties. Speaking in Ironical vein, Senator Lewis suggested that Britain and France should pay “the six billion dollars they owed us,” which could be used to pay the veterans and farmers. He pointed out that soldiers were being paid for their services on foreign soil. His plan envisages the debtor Governments issuing small denomination bonds, aggregating the amount owed. The American Treasury would market the bonds, applying the proceeds to the Government’s needs.
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Bibliographic details
Timaru Herald, Volume CXLI, Issue 20335, 6 February 1936, Page 9
Word Count
112WAR DEBTS Timaru Herald, Volume CXLI, Issue 20335, 6 February 1936, Page 9
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