WAR DEBT HOLIDAY

Hokitika Guardian, 3 July 1931, Page 3

WAR DEBT HOLIDAY

THE HITCH. f British Official Wireiess.) ' RUGBY, July 1. The Fnmco-Ainencan conveisatmiis regaidmg I'rosiUeut Hoover s proposals have Oven udjotmed until to-nmnovv. NO GIFT TO DOMINION. LONDON, July 2. In the House of Lords, n the course of a general debate on the “saiegua ruing” of imperial trade, Lord Passfiei*! pointed out the Government’s record for the pfoinotieon oi Empire unity. He alluded to Britain as passing on the war debts concession as a giTt to tlie Dominions. “A gift?” queried Lord Hailsham, who added : “We thought the Government was only suspending the debt, like Resident Hoover 1” Lord Pnssfield pulled himself up, confessed that lie had spoken too hastily, and must measure liis words. He then added that there would be a “postponement.”

U.S.A. WARNING TO FRANCE

OF GERMAN DEFAULT. WASHINGTON, July 2. Tlie United States threw into its diplomatic deadlock with France tonight a warning that a failure of the Hoover debt postponement plan would result, in a moratorium declaration bv Germany. In a memorandum to the French Government, it was asserted that tlie French Conner proposals were not in keeping with the spirit of the Hoover Plan.