WORLD AFFAIRS
SUGGESTED DRASTIC MOVE. (United Press Association—By Electrb Telegraph.—Copyright.) (Received this day at 9.25 n.m) WASHINGTON. July 4. From consultations going on hero among the Embassies, it is reported the Hoover moratorium is only the beginning of a drive in Europe for a drasticscaling down of Europe’s debts and eventual cancellation, and as soon ns possible after the Hoover Plan is agreed to there will be a movement for a- European Economic Conference at which the whole financial economic situation in the light of international debts will he considered. The British who are believed to he at the head of this movement will demand drastic reduction of armaments, which, if successful, will save European powers two hundred million sterling annually.
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Hokitika Guardian, 6 July 1931, Page 5
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121WORLD AFFAIRS Hokitika Guardian, 6 July 1931, Page 5
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