BRITAIN ALONE PAYING
OTHERS MAKE NO EFFORT
SENATE FEARS REPUDIATION'
fDNIIED PKEJS ASSOCIATIO.V,-~eopipj GnT;l " (AD»I*AUAS-«Ew"i;«Af.AND CABLE ASSOCIATION) WASHINGTON, 16th January. , Discussion of war debts injected into I the Senate debate on tax' reduction revealed that influential Senators entertain little hope that foreign debts, | excepting Britain's, will ever be paid.' Senator Borah, considering means of reducing domestic taxation, urged the adjustment of such few' foreign debts as were collectable, saying.. that as an example .five years had gone and the .trench Government had. not only failed to pay interest, but made no effort to even adjust the debt as a fair, honourable creditor would have done. "Surely if 'suuh a situation existed between private creditors it would be considered as a repudiation of the debt," he said. "Indeed I believe that w e are facing almost, general repudiation," whereafter Senator Srooct a member of the Debt Funding Commis-' sion, remarked that while no country had officially- repudiated its debts nevertheless repudiation had been clearly implied in incidental interviews, and statements by foreign officials and Governments. It is interesting to note that other Senators expressed no dissent from this view. i
Permanent link to this item
https://paperspast.natlib.govt.nz/newspapers/EP19240118.2.54.1
Bibliographic details
Evening Post, Volume CVII, Issue 15, 18 January 1924, Page 7
Word Count
189BRITAIN ALONE PAYING Evening Post, Volume CVII, Issue 15, 18 January 1924, Page 7
Using This Item
Stuff Ltd is the copyright owner for the Evening Post. You can reproduce in-copyright material from this newspaper for non-commercial use under a Creative Commons Attribution-NonCommercial-ShareAlike 4.0 International licence (CC BY-NC-SA 4.0). This newspaper is not available for commercial use without the consent of Stuff Ltd. For advice on reproduction of out-of-copyright material from this newspaper, please refer to the Copyright guide.
Log in