WAR DEBT MORATORIUM
RENEWAL AFTER ONE YEAR
DIFFICULTY FORESEEN
onlted Tross Association—By Electric Tel*
graph—Copyright.
(Received 9th October, 11 a.m.)
WASHINGTON, Bth October
The Hoover moratorium, launched last June, under the sunny auspices of universal acclaim, is running into thickening weather, as the President prepares to discuss it late this month with the French Premier, M. Laval. While none doubt that Congress will ratify tho one-year holiday for war debt and reparations already proclaimed, the question of an extension for two or three years is quite another matter. President Hoover is under increasing pressure for such a renewal. Much of the agitation centres in the New York banking group, on which the President may count for support in his new prosperity credits programme. Renewal is also looked upon as imperative in some higher Administration quarters. On the other hand, plain notico has been served on the President that he will find difficulty in Congress, if he agrees to an extension uncoupled with a definite European agreement to scale dq"wn armaments. That may be hard to get. .
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Bibliographic details
Evening Post, Volume CXII, Issue 87, 9 October 1931, Page 7
Word Count
176WAR DEBT MORATORIUM Evening Post, Volume CXII, Issue 87, 9 October 1931, Page 7
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