MORE SYMPATHY

Rotorua Morning Post, Volume 2, Issue 389, 25 November 1932, Page 5

MORE SYMPATHY

(Press. Assn.—

FOR BRITISH CLAIMS

-By Telegrapli — Oonyright).

Rec- Nov. 24, 8.5 p.m. Washington, Nov. 23. Intimation from London that the British Government did not believe that the door was irrevoeably closed against further Anglo-American discussion on the advisability of the postponements of debt payments, has been sympathetically received in Washington. It is expected that a new British note will inform Mr. Iloover in detail of the conditions necessitating the postponement, and the presentation of facts to the question will open immedi ately after the old Congress reconvened for its last sessioii. Senator Reed expressed the opinion that the President could conduct conversations with any debtor nations without Congressional action, but Mr. Hoover pointed out that a rider to Congressional approval of last year's moratorium, tieid the exe'cutive's hands in this direction. There is considerable comment on the apparent broadening of the President's views on the debt question as outlined in his statement, parti6ularly between the re-created debt commission and the world delegates to the -reparations conference and the disarmament conference. Mr. Roosevelt's intimated opposition to the discussion of debts at the latter two conferences is held sharply to contrast with the President's views. During th,e past week, nationwide discussion on war debts question, has brought forth observations from many well-informed quarters, which contrast with the statements in Mr. Hoover's pronouncement. Although there is no Iegal conneetion between debts and reparations, it is felt that any attempt to keeja them apart is only a quibble since the Dawes and the Young Plans were hoth drawn up with American d'ebt payments in mind, 'and war debt payments have hifherto been made from renaratinti

has already cancelled a large portion of debts, are considered unjustified in the light of the faet that the debt funding arrarigements provide for paymhnts over 62 years of 21,000,000 to 889,000,000 dollars principal and interest, or over twice the amount originally advanaed by the United States. Siiggestions on the inference of European ability to pay; demoris'trated by the increased afmament ext)enditure, are considered upon the United States appropriation of dequalifications ahd examination of the defence. Fiirthemor.e, they do not represent exported capital, . which the debt payments req'ulre and which for-.