Ability to Pay
EUROPEAN WAR DEBTS AMERICAN ATTITUDE DEFINED [By Telegraph—Press Association—Copyright] WASHINGTON, Oct. 9. The Administration made it plain today that ability to pay is still regarded as the basis for the collection of the European war debt. There has been no suggestion on the part of President Hoover for an extension of the moratorium, while there is no intention on the part of the United States Government to force payments beyond the ability of foreign nations to pay. Nevertheless, there is a definite purpose to insist upon European Governments living up to their agreements insofar as they are able.
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Bibliographic details
Wanganui Chronicle, Volume 74, Issue 241, 12 October 1931, Page 7
Word Count
101Ability to Pay Wanganui Chronicle, Volume 74, Issue 241, 12 October 1931, Page 7
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