DEBT DEADLOCK

Hokitika Guardian, 22 January 1932, Page 6

DEBT DEADLOCK

LAUSANNE CONFERENCE.

MAY NOT YET BE HELD. (United Press Association—By Electric Telegraph —Copyright.) WASHINGTON. January 21. The announcement from London of the postponement of the Lausanne Conference has been learned Avith regret in official circles here, though it was not wholly unexpected. While those in closer touch with the situation are not yet ready to subscribe to the pessimism that is reflected in London despatches that the Conference may not, be held at all, a deadlock is admitted to exist, particularly m view of Chancellor Bruening's refusal to accept one year's extension of the moratorium. The situation, as it has developed ‘in the last twenty-four hours, is held to be confirmatory of the reasonableness of the United States attitude that the Reparations and BarDebts must be considered apart, and that the European nations should first agree upon a Reparations policy among themselves. The “New York Times,” m a leading article to-day, comments on M. Laval, the French Premier’s statement : ♦■That we shall not permit the right of reparations to be taken away, saying it is without point, and it says further • “What good does it do to insist on a’ right which has been rendered obsolete by events?” Mr Silas Strawn, President of the United States Chamber of Commerce, in a radio address, said: “We cannot settle the problem of the reparations among oar allies. That is then- job: hot tee can, and do insist that the ■ patations, and |the Inter-Al led debts are separate and distinct subjects, and that when the ability of our deotors to pay us is up for discussion, we shall be interested.” ENGLISH CHURCHES’ APPEAL. TO CANCEL REPARATIONS. LONDON, January 20. Anglican Bishops and Free Church leaders through the Council of Christum Ministers, have appealed for all Chi stian s -to urge the cancellation of the reparations and war debts, stating: -The spirit of vengeance prevailed at Versailles, with disastrous consequences to the victorsT^^^ mmammam