ALL SEEKING REVISION.

Star (Christchurch), Volume LXIV, Issue 670, 25 January 1933, Page 1

ALL SEEKING REVISION.

Many Diplomatic Meetings - ht-Wmhmgton. WASHINGTON, January 23. While the President-elect, Mr F. D. Roosevelt, at Warm Springs, is preparing to study economic problems, both domestic and foreign, it became apparent to-day that the incoming administration will be confronted with debt negotiations with virtually all the debtor Governments.

The first reaction to the HooverRoosevelt communique came from Italy, whose Ambassador, Signor Rosso, visited the Secretary of State, Mr H. L. Stimson, inquiring informally concerning the prospects of debt revision after March 4, and for an interpretation of the communique. Observers expressed the opinion that Italy is probably viewing herself in the same category as Britain by virtue of having met the December instalment of debt payments, and will undoubtedly seek to have her case reviewed soon after the British negotiations have started.

In the meantime the Belgian Ambassador, M. Paul May, visited the Undersecretary of the State Department, Mr W. R. Castle, and Sir Ronald Lindsay, British Ambassador, and conferred with the Assistant of State, Mr H. 11. Bundy. Nothing was disclosed concerning the calls. It has been authoritatively learned that Mr Stimson will confer “ when advisable ” with Professor Raymond Moley and Professor Tugwell, Mr Roosevelt’s advisers, presumabty concerning the phase mentioned in the communique. CANCELLATION BEST. (Received January 25, 1.50 p.m.) LONDON, January 24. Addressing the Leeds Chamber of Commerce regarding the American war debts message, Mr Neville Chamberlain (Chancellor of the Exchequer) reiterated that cancellation would be the best thing for the world, but, if this view outstripped current American opinion, a conference would be welcome whenever America was ready, so long as the settlement was final and did not involve a renewal of the claim lor reparations from Germany, because a disturbance of the Lausanne agreement would re-open old wounds. PAYMENT SUSPENDED. (Received January 25, 1.20 p.m.) BUENOS AIRES, January 24. The Chamber of Deputies of Buenos Aires Province to-day approved an indefinite suspension of provincial and foreign debts payments. The debts of this province abroad are the largest of any Argentine Government unit except j the nation itself. They approximate 140,000,000 dollars, one half of which is owned by the United States.