HOOVER MEETS LAVAL
(Press Assn.
AGREER4ENTS REACHED ON MUTUAL FINANCIAL PROBLEMS CONSULTATIONS ARRANGED
— By Telegraph — Copyright).
Rec. Oct. 25, 5.5 p.m. NEW YORK, Sat. The New York "Times" Washington correspondent says the following conclusions have been reaehed between the President, Mr. H. Hoover and the Premier of France, M. Laval : J (1) There will be no further withdrawals of gold by France from the United States without prior consultation between the Central banldng institutions of both countries. (2) The Federal Reserve discount rates on New York may be raised to 4 per cent. (3) No public action affecting the mutual interests of either country will be talcen without prior consultation. (4) President Hoover will make no proposals for the extension of the date of the war debt moratorium without prior consultation with France and no proposals will be made by the United States for revising the Young Plan and German reparations.
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Rotorua Morning Post, Volume 1, Issue 54, 26 October 1931, Page 3
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151HOOVER MEETS LAVAL Rotorua Morning Post, Volume 1, Issue 54, 26 October 1931, Page 3
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