AMERICAN REPLY
TO BRITISH NOTE. (British Official Wireless.) RUGBY, December B.’ The American reply to the British Note says it is -clear that the weight of the war debt payments has greatly increased and they have a definite relationship to the problem of recovery. The President of the United States is prepared, in co-operation with the British Government to survey the entire situation and consider what ‘means may be taken to bring about a. restoration of stability. Such an examination did not imply cancellation? The causes of the depression lay in more potent forces than these debt transactions.
The Note concludes, that recognising the difficulties of effecting a transfer, Congress would willingly consider any reasonable suggestion which would facilitate the payment, due on December 15th.
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Hokitika Guardian, 9 December 1932, Page 6
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125AMERICAN REPLY Hokitika Guardian, 9 December 1932, Page 6
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