AMERICAN POLICY.

Waikato Times, Volume 113, Issue 18849, 20 January 1933, Page 7

AMERICAN POLICY.

LEADERS TO CONFER. PROBLEMS FOR DISCUSSION. 1 MANCHURIA AND WAR DEBTS. United Press Assn.—Elcc. Tel. Copyright. WASHINGTON, Jan. 18. The brief announcement this morning that tlie President, Mr Hoover, had invited the President-elect, Mr Roosevelt, lo visit him on Friday, and the news from New York that the invitation had been accepted, have aroused a llood of speculation as to important impending developments in foreign affairs, botli as regards war debts and the crisis in the Far East. It is revealed that the Secretary of State, Mr H. L. Stimson, arranged the meeting. Apparently lie considers that to maintain a co-operative foreign policy from the present Administration into the next is imperative. In best-informed circles the opinion is expressed that war debts are the primary cause of the conference, although that matter is closely linked with the World Economic Conference, in regard to which it is believed Mr Hoover wants a further elucidation of Mr Roosevelt’s views, particularly regarding tlie lime it should be called. Continuity >of Action.

It is known that Mr Hoover considers the stabilisation of the pound sterling of primary importance, although according to despatches British opinion favours holding it in abeyance pending a revision of war debts. This fundamental difference of opinion, therefore, may develop into the cause of a serious stalemate. The conference is to be held in White House on Friday. Both Mr Hoover and Mr Roosevelt will have several advisers. What will he said on the Manchurian situation, if anything, is in no way intimated. It is pointed out that Mr Roosevelt already has reiterated tlie policy of the present Administration and he is* not likely to take up a stronger posh* lion this time. Charges Against Japan. There is no ofllcial or other reactiot to press reports from Geneva to-day. to tlie effect that charges will be. brought against Japan alleging the. fortification of her Pacific Island mandates —Caroline and Marshall groups —contrary to the treaty, although these are considered to he strategic points as they lie between the Philippines and Hawaii. NEW YORK, Jan. 19.

The Washington correspondent of Hie New York Herald Tribune reports that the conference between Mr Hoover and Mr Roosevelt is for tlie purpose of an early opening of \va< debts negotiations. He says they will find themselves in agreement that mj time should he lost in seeking a sola* lion of the debts problem. They are hopeful of reaching a basil of action which will permit tlie debt-l countries to present their cases befoN the change fa tha AdministraUon, , <