WAR DEBT PARLEY

Hokitika Guardian, 30 October 1933, Page 4

WAR DEBT PARLEY

NEGOTIATIONS AT WASHINGTON POSSIBLY NO AGREEMENT. (United Press Association—By Electric Telegraph—Copyright;. NE WYO.RK, October 28, The “New York Times’ ” Washington correspondent says that the British war debt delegations will formally call on President Roosevelt within a few days. American Administration circles expect that the result of this conference will be the shelving of the debt discussions for an indefinite, period. Persons who have been in close touch with the three conferences declare that the viewpoint of the two parties are so far apart that the discussions have been limited to . general statements of each nation’s position. No definite offers have been advanced. The inauguration of the n ew American. policy and the strain of the tional Recovery Act programme have made the negotiations more difficult. America’s conversations pending on her recognition of the Soviet are held to bo another factor in making a postponement desirable. It is thought that President Roosevelt will offer Britain an Opportunity to ir.frk e another “token” payment, which, although not satisfactory to London, will probably be accepted as being the only alternative offered V' avoid a default. ‘ > > /;• There are rumours that the Ang.oAmerican debt negotiations, which have been in progress for three weeks., have roached the stage of dissolving, and the British delegation might soon return without reaching an agree ment. . . .. The rumours could not be confirmed, although they have not officially been denied. It is reliably stated that little progress has been made. The officials decline to comment further than to say that another conference would K e held next week.