WAR DEBT PROBLEM

Hawera Star, Volume LIII, 16 June 1933, Page 9

WAR DEBT PROBLEM

PLANS FOR SETTLEMENT

(CONTINUATION AT WASHINGTON

SEVERAL PART PAYMENTS MADE

(British Official Wireless. 1 Received 1.15 p.m. to-day. RUGBY, June 15. Discussions with a, view to furtherino* plans for the ultimate .settlement of the Avar debt problem will be continued by Sir Ronald Lindsay, the British Ambassador at Washington. London political circles consider that a final adjustment largely depends on the course of events at the World Economic Conference, and not for some AA’eeks, possibly not until September, is it likely that a British mission Avill proceed to Washington. Such a mission probably will he headed by Mr Neville Chamberlain. Any final settlement would he subject to ratification. Latvia, foliowring Britain’s example, is making a token payment of five per cent, states a Riga message. Czechoslovakia is expected to offer America 10 per cent, says a cable from Prague. . Advice from Helsingfors states tlmtFinland ha,s paid her instalment of £29,000 in f-ull. . . Rumania is paying America under ten per cent., says a cable from Bucharest.

AMERICAN BUSINESS VIEW.

CANCELLATION FAVOURED

AUCKLAND, Juno 16. An Auckland businessman, Mr W. J. Truiscott, returned to-day from the United States and Canada. He said American businessmen were in favour of a cancellation, or at least an adjustment, of the war debts, but the mass of people took the opposite view'. However, the people were right behind Mr Roosevelt, so much so that his Government was practically a dictatorship. There was a better business tone, particularly in the east, and exporters and manufacturers believed the corner had been turned.

£10,000,000 LOAN TO AUSTRIA

COMPLETION OF NEGOTIATIONS

Received 2 p.m. to-day. RUGBY, June 15

Herr Dolfuss, the Austrian Chancellor, who expects to reach Vienna on Sunday via Paris by air, has secured a £10,000,000 loan authorised at Lausanne The date of the issue lias yet to be fixed.

The subscribers are England, France and Italy.

France, whose share is the largest, delayed the loan because French Socialists resented the treatment of Socialists in Austria.