U.S. & WAR DEBTS HOOVER AND ROOSEVELT

Evening Post, Volume CXIV, Issue 122, 19 November 1932, Page 13

U.S. & WAR DEBTS

HOOVER AND ROOSEVELT

MEETING- ARRANGED

PARTY VIEWS TO BE SOUGHT

WHAT MAY HAPPEN

CJnlted Pre3B Association—Ey Electric Telegraph—Copyright. WASHINGTON, 17th Nov. In a telephone conversation with President Hoover to-day, the Presi-dent-elect, Mr. F. D. Roosevelt, arVanged for a conference on the subject of war debts at White House on Tuesday afternoon. He1 will have one adviser. The Under-Secretary to the Treasury, Mr. O. L. Mills, will assist ' the President in presenting pertinent data. On the following day. President Hoover will confer, with a bi-partisan Congressional delegation of three ranking Bepublican and Democratic members of the Senate Finance Committee and the House of Representatives Ways and Means Committee, who have been invited to meet him to discuss the question of foreign debts.

To-day the French and Belgian Ambassadors conferred with the Secretary of State, Mr. H. L. Stiinson, and later intimated that they, had not received an answer to their requests for extension of the moratorium and Teview of the debt field. •

As a.jefusal of postponement has been virtually agreed upon, Democratic leaders indicate that Mr. Boosevelt will advance a programme, proposing an international conference on all questions of eeonomie import.

It is thought possible that the agenda of th v Eeonomie'Conference could be extended to include debts, but it will hardly be possible to discuss tariff revision, whjch Mr. Koosevelt believes would make payments possible.

The apparent rejection of the Notes seeking postponement has affected adversely the sterling market in New York.