UNPAID WAR DEBTS

Wanganui Chronicle, Volume 77, Issue 108, 9 May 1934, Page 7

UNPAID WAR DEBTS

AMERICAN PLANNING NO MORE TOKEN PAYMENTS ASSERTION BY SENATOR NEW BASIS HINTED AT 3/ Telegraph—Press Association.—Copyright) Received May 8, 7.19 p.m. WASHINGTON, May 7. A statement that token payments . ould not be accepted from the debtor .ations next June 15, was made to-day ti the Senate by Mr. Hiram Johnson, inthor of the law which forbids Amenans from having financial dealings .vith debtor nations that are in demit. Mr. Johnson said: “I am perfectly are that token payments will not bo ecepted by our Government,” adding hat the nations that had not pai'l .heir debt commitments in full would >e in the category of defaulters after Tune 15. A protest was taken to the State X-partmcnt tG-flay t-y Ambassador t'royanovsky of Russic, against the opinion of the Attorney-General, Mr Gummings, last week, that Russia was In default. The debt discussion sprang up and broadened to-day after the Speaker oi the House of Representatives, Mr Rainey, said that a new debt settle ment with Finland was being worked out, and it might become a basis for settlement of other foreign debts. There was no comment at White House on either Mr. Rainey’s or Mr. Johnson’s statements. The State Department has been working on an agicement with Finland for some time, but in some quarters it was said that the application of such an agreement to other nations probably would depend upon their putting themselves on the tame fully-naid-up status as Finland.