WAR DEBTS

Hokitika Guardian, 30 September 1933, Page 5

WAR DEBTS

FURTHER NEGOTIATIONS. (United Press Association —By Electric Telegraph—Copyright.) WASHINGTON, September 29. Avi atmosphere of business, instead ■of diplomacy, will surround the War Debt discussions next week with the representatives of the British Government. They will be conducted by Mr Dean Ajoheson, Uader-gecretary to the Treasury, and Mr Frederick Livesay, ■Economic Adviser of the State Department. In putting the debt negotiations in the hands of the Treasury, the Government ‘has returned to the policy which was followed early in the debt problem under President Wilson. They are regarded as 'being a Treasury matter. More recently, under President Hoover and Secretary Stimson, the (State Department handled the problem, and it continued to do so even into the early stages of the present Administration.

The conversations are expected to begin on Friday next, after the arriv'd of Sir Frederick Leith ltos s and his companions, the British 'Ambassador, ■Sir Bonald Lindsay; and Mr T. 0. Bowley, the British Ti’easnry exper-. The British have paid well over two billion dollars o;i debts, while all the other debtors combined have paid only seve n hundred and twenty millions of dollars.