DEBT REVISION

Hokitika Guardian, 20 December 1932, Page 5

DEBT REVISION

U.S.A. ATTITUDE

CONGRESS VERSUS HOOVER.

(United Press Association—By Electric Telegraph—Copyright)

WASHINGTON, Decemeer lft.

There is a possibility, to-night, that President Hoover migut d.sputch to Congress on Monday a special message on the war debts, renewing hi s recommendation for a commission to review the tangle of international financial obligations. The Secretary of the Treasury, Mr 0. ’Mills, and the President held a lengthy conference to-day, at which, they reviewed th c debts communication.

A recommendation for such a commission will undoubtedly meet with stiff Congressional opposition. Despite hopes in some Administration quarters that the recent debt defaults might alter the temper on Capitol Hill, a recent canvass showed little possibility of the adoption of a recommendation for a commission to review the debts.

It i® understood President Hoover j 3 now withholding his message, to Congress on foreign affairs, he hoping that the. re-organigecl French .Cabinet will reconsider the default, which many observers believe to be likely. In a radio broadcast to-night, Mr Julius Klein, who is Assistant Secretary of Commerce, and is considered to be od r Hoover’s spokesman, .. declared that any Jdiscussion. on debts and tariffs at the'.World Conference, inevitably reversing the earlier istration stand, must be Kept , off the agenda. He. also implied that, co-opera, tion with Mi* Roosevelt ,would be sought in the formation of a preliminary American policy.