NO CANCELLATION.
Hoover Moratorium Amendment. CONGRESS DEBT POLICY. United Press Assn.—By Electric Telegraph—Copyright. (Received December 18, 11.25 a.m.) WASHINGTON, December 17. The House Ways and Means Committee to-day adopted an amendment to the Hoover Moratorium, declaring cancellation, or reduction of foreign debts, to be against the policy of Congress. The amendment, as proposed by Representative Ragon, of Arkansas (Democrat) read:—“lt is hereby expressly declared to be against the policy of Congress that any of the indebtedness of foreign countries to the United States should be in any manner cancelled, or reduced, and nothing in this joint resolution for ratification of the Hoover Moratorium shall be construed as indicating a contrary policy, or as an implication to give favourable consideration at any time to the change in policy hereby declared.”
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Bibliographic details
Star (Christchurch), Volume XLIV, Issue 300, 18 December 1931, Page 1
Word Count
129NO CANCELLATION. Star (Christchurch), Volume XLIV, Issue 300, 18 December 1931, Page 1
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