DEBT DISCUSSION

Hokitika Guardian, 21 December 1932, Page 6

DEBT DISCUSSION

PRESIDENT HOOVER'S MOVE

PROPOSAL FOR- CO-OPERATION

(United Press Association—By Electric Telegraph—Copyright..’

WASHINGTON. December 19,

Co-operation with the president-elect (Mr Roosevelt) to secure the continuity. of the American foreign policy, particularly as to war debts, the world conference and disarmament, was proposed to-dav by President Hoover in a message to Congress. Lacking Congressional alppiioval firtr the revival! of the war debt commission, the President declared that it was necessary for him to proceed independently of Congress to set up machinery for the further dent discussions with those nations who have not defaulted. He suggested the interlocking of debt, economic, and disarmament questions, and indicated that a commission on debts would he appointed by him, some of the member,-? of which would also he delegates to the world! economic, conference set for next year, which others would have liaison with the present disarmament negotiations.

Tt is the assumption here that Mr Hoover already has made some overtures toward Mr Roosevelt, and that the personnel of the group which is to handle the debt discussions will he submitted to- the President-elect for Jiis approval before there appointment.