DEBT BURDEN
THE CRUCIAL POINT.
LONDON, Monday.
All newspapers point out that the Basle report merely stated what everybody knew, and express fear that the issue will pass into the realm of political discussion at The Hague while the world’s problem intensifies. The “Daily Telegraph’s” diplomatic correspondent emphasises that the crucial point is, can Germany be granted a further moratorium without the Powers knowing whether they can obtain a corresponding suspension of their debts to America? Consequently all eyes are turned to Washington, and the nations are awaiting an announcement of President Hoover’s intentions.
MARKETS HOPEFUL. LONDON, Monday. "The Times” city editor says that markets are resuming in tlio hope that French and American politicians will not disregard the Basle committee’s warning. The instantaneous response to President Hoover’s moratorium offer showed that the public feels that war debts payments and the maldistribution of gold are the chief causes of the crisis.—(“Times” able.)
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Bibliographic details
Wairarapa Daily Times, 29 December 1931, Page 5
Word Count
152DEBT BURDEN Wairarapa Daily Times, 29 December 1931, Page 5
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