UNPAID WAR DEBTS

Hawera Star, Volume LIII, 19 June 1933, Page 5

UNPAID WAR DEBTS

Two Instalments to America REMINDERS TO DEFAULTERS Sharp Tone In Note To France APPEAL FOR REVIEW IGNORED. TOKEN PAYMENTS APPROVED. ( (United Press Association—By Electric Telegraph Copyright.) WASHINGTON, June 17. The United fetat.es today dispatched a. formal Note to France toner ally reminding the Government or two i repaid war debt instalments; and ignoring the appeal for a. review ox the situation. Similar Notes were sent to Poland and Belgium, which are also in default of two payments. A Note was handed to the Italian Ambassador, Signor Rosso, at the same, time saymg that while the Italian payment ot £200,000 might be’ considered unsubstantial by Congress, the President was willing; to enter into discussion regarding the Italian debt. . It was made clear informally that France must place itself on the same 'footing as the nations wfcfieh have partially or fully met their obligations before the debt question could be reopened. The State Department to-day made public a considerable part of the recent'war debt correspondence, revealing a rather sharp Note to France, which made no mention of its inability’ to pay. The notes to Belgium and Poland were almost identical but they noted their declaration of inability* to pay. - . „ According to the best information the President’s debt pokey regards the nations making token payments as not defaulters. Any suggestions of revision from them would immediately be acceptable as a basis of consideration, wnile those who have defaulted must make good December 15, 1932, pavments, plus the token of June 1 obligations. The latter part of this policy is believed to be subject to possible change, although much opinion holds that such action' would not be fair to Britain and other token payers.