DEBT SITUATION

Wairarapa Daily Times, 21 January 1932, Page 5

DEBT SITUATION

AMERICA’S PART

‘‘SILENT THOUGH INFLUENTIAL” Press Association Electric Telegraph—Copyright WASHING TON, Tuesday. With the announcement of the substitution of Mr. H. L. Stimson for General Dawes to lead the American delegation to Geneva, on the eve of the delegation’s departure, a semi-official outline of the American attitude regarding, reparations, especially as related to disarmament, was given to the Press. America’s reply to European overtures seeking advice on war debts will be that Europe must work out its own plan. America ’s part at Geneva will be “silent, though influential.” Since it believes that the questions there are primarily European, the United States will take no part in the Lausanne Conference, but will carefully consider any concrete plan proposed for further postponing war debt payments or other concrete arrangements to meet the present emergency. It is intimated that Ambassador Edge informed M. Laval in reply to “feelers,” that the United States would consider each nation’s debt on its merits and does not believe the debt problem is immediately pressing, because no payment is due until December 15.