THREE ALTERATIVES
BRITAIN WILL NOT DEFAULT : ( London, November 22. The Daily Telegraph's diplomatic correspondent, assuming the United States refuses an extension of the debt, moratorium, suggests the courses open to Powers are: ; Firstly, the payment of an instalment accompanied hy a deelaration of hardships to the debtor country and the disadvantages to international trade, including America's. Secohdly, default, also accompanied hy a reasonad statement. Thii'dly an offer to pay an instalment into a suspense account pending the outcome of wider negotiations. It is unnecessary to say that whatever the attitude of the other Powers, Britain will not consider default.
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Rotorua Morning Post, Volume 2, Issue 388, 24 November 1932, Page 5
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99THREE ALTERATIVES Rotorua Morning Post, Volume 2, Issue 388, 24 November 1932, Page 5
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