DEBTS TO AMERICA

Wanganui Chronicle, Volume 75, Issue 179, 1 August 1932, Page 7

DEBTS TO AMERICA

ROOSEVELT S POLICY MAKING PAYMENT POSSIBLE LOWER TARIFFS PROPOSED [By Telegraph—Press Association—Copyright] Received July 31, 8.15 p.m. NEW YORK, July 31. Mr. Theodore Roosevelt, in an important broadcast speech, gave an apparently definite indication of what his policy would be if elected. He reiterated his opposition to the cancellation of war debts and advanced the tariff revision thesis as a means of settling the vexing question. "The problem of debts is complex,” he said. "However, the solution wM brought measurably nearer at Lausanne when Britain and Germany agreed

among themselves concerning reparations. The danger now is that they may turn a united front against us. This comes, I am convinced, not so much from the debts owed as from our barriers against their trade, which makes the problem so difficult. Debt! will not be a problem and we will not have to cancel them if we are realistic about providing ways whereby payment can be made possible through profit arising from the rehabilitation of trade. The Republican platform said nothing about this but their position has been the assured one of demanding payment and at the same time, via high tariffs, making pavnient impossible. Our policy is declared for payment, hut at the same time for lowered tariffs and a resumption of trade which will open the way to payment.”