CANCELLATION URGED

Rotorua Morning Post, Volume 1, Issue 125, 19 January 1932, Page 5

CANCELLATION URGED

(British Official "Wireless

[ extension of reparations i moratorium pending . i settlement LONDON PRESS SUGGESTIONS

RUGBY, Sunday. The "Times," in a leader, says : Repqrations represent the first interna,tional question to which the new French Government will have to address itself after seeking a vote of confidence in the chamber. The official French policy remains what it was when M. Laval returned from Washington. It may be hoped that the new Government will recognise the advisability of teaching an agreement in common deliberation with the. other conntries concerned, both upon the immediate issue of next July and upon the larger question of the ultimate resumption of payments after the period of depression is over. "The arguments against the immediate abrogation of the rights conferred upon creditor countries by The Hague agreement qre fully understood in this country. This country long ago placed on record the. view that the world wquld profit by an all-round cancellation. The question for discussion at Lausanne, however, is not war debts, but reparations, but in regard to all these interGovernmental obligations the convietion has steadily grown that their payment has been pernicious to the general economic system of the world. In regard to reparations there must be the largest possible clearance. at Lausanne. If it is, nevertheless, found that no agreement is possible on fundamental points at the present moment it would be best to arrange a brief extension of the moratorium, with a firm undertalcing by all participants that they meet again in the present year to reach a more lasting solution." : . 3