DEBT DISCUSSION

Hokitika Guardian, 20 December 1932, Page 6

DEBT DISCUSSION

PRESIDENT HOOVER'S MOVE. PROPOSAL FOR GO-OPERATION. (United Press Association—By .Electric Teiegraph—Copyright.) WASHINGTON, Decei,nb<?a- 19.

Co-operation with the president-elect (Mr Roosevelt) to secure the continuity of the American foreign policy, particularly as to war del its. the world conference and disarmament, was proposed to-dav by President Hoover in a message to Congress. Lacking Congjrercsionall LAr the revival of the war debt conmiisrdon, the President declared that it was necessary For bim to proceed independently of Congress to set up machinery for 'the further debt discussion* - ! with those who have not defaulted. He suggested the interlocking of debt, economic, and disarmament questions, and indicated that a. commission on debts would bo appointed by him, some of the members of which would also be delegates to the world! economic conference set for next year, which others would have liaison with the present disarmament negotiations.

Jt is the assumption hero that Mr Hoover already ha,s made some overtures toward Mr Roosevelt, and that the personnel of the group which is to handle the debt discussions will be submitted to tb c President-elect for his approval before there appointment.