DEBTS TO U.S.A.

Hokitika Guardian, 16 February 1923, Page 2

DEBTS TO U.S.A.

\| sur.vn N./.. < Am.h assocu no,\ BRITISH 1.0. U. WASHINGTON, Fell 14. In Hie Debt Settlement debate. Senator Ken! declared that the sixty-two years' settlement constituted a virtual a Ilia nee. as it ties u s up with the fortunes ol the British Empire for nearly three-(|U;‘rtcrs of a century. Mr Smoot retorted t)n■ settlement would, not tv th.‘ t 11 itc< 1 States any moic than lliiiish Government's 1.0. l .. whh h tile United States holds. TO OUTLAW WAR. WASHINGTON. !th 14. Senator Borah lias produced a resolution proposing to outlaw war by international agreement each nation regarding war as a public crime. and agreeing to indict and punch its own war breeders, and instigators and war nroliteers. The resolution would create an international court to make eifeetr/e iki p..ice code. FIRST AMENDMENT. WASHINGTON. I'd, 14. In the Debt Ill'll ileh.it.-. Senator Hitchcock made the fii'si attempt to amend the British terms by proposing to eliminate the provision permitting Britain to pay only half of ike interest due each year for the 1 ir -1 live years, and adding the unpaid portion to Hie principal. Senator Hitehock later declared '.h it by permitting Britain to pay only nalr the interest due each year for the first five years, and adding the unpaid portion to the principal, wo would make a new loan of A9o.fX)o,ooodcl. and increase the principal of the teht from forty-six hundred million dollars to 4.996 million. 1 am opposed to that. Hitchcock also indicated he might oiler an amendment, providing that ’.he British refunding bonds (if <He red bv the United States Government to its citizens) should be taxable.