APPALLING RISE

Evening Post, Volume CXIV, Issue 123, 21 November 1932, Page 9

APPALLING RISE

REAL COST OF WAR DEBTS

HOW AMERICA PROFITS

NEW YORK, 19th November. In its financial article to-mofrow the "New York Times" will say: "Measured by what they could buy with the money in their own countries the real cost of war debts payments has increased by 87 per cent.«in:the case of the British taxpayer and decreased by 30 per cent, in the ease of the French taxpayer since the funding agreements were made, while the- real value of the payments to our Government has rison by 54 per cent." These percentages were calculated by comparing present, currency exchange rates, costs of living, etc. ' , ' , POLITICAL ASPECT. Political forecasts at Washington indicate that when President Hoover and the i President-elect, Mr. Roosevelt, informally discuss foreign debts on Tuesday the prevailing atmosphere, in the capital will be against a further moratorium or reduction. • , From the highest administration sources has come word that the President is definitely opposed to another year's moratorium, and prefers the adoption of an attitudo more rigid ■than.'the ■continued suspension of pay.ments requested by Britain, France, and Belgium.

In like manner Mr. Roosevelt has declared against cancellation, while ho has- been silent on requests for reesamination of ,the debt problem. : •Prominent Democratic legislators have joined the Eepublican leaders'1 in declaring against the suggestion. V^-i