LITTLE CHANGE

Rotorua Morning Post, Volume 2, Issue 398, 6 December 1932, Page 5

LITTLE CHANGE

AMERICAN OPINION STILL ADHERING TO PARTY PROMISES DURING ELECTIONS POLITICAL INDIFFERENCE iBritish Officlal Wlreless) Rec. Dec. 5, 5.0 p.m. Rugby, Dec. 4... Washington messages indicate that there is a likeliliood that Mr. Hoover will make the European debts question the subject of a special messagie in Congress next week. Meanwhile x-eports reaching London show that although the British Note created a deep impression on a large section of American opinion, including many of thoae in touch with the world economic situation, the first reactions of several infiuential Congressmen ishow little or no departure from the attitude adopted by them during the reoent electoral campaign. It is hoped that when time had been allowed for a more careful study of the tragic logic with which the British Note traces the history of the world depression, and the relation thereto of the vast unnatural transfer invplved in the system of intem'ational indebtedness, togeth'er with the effect upon both the ereditor and debtor countries of its continuance, some recognition would be forthcoming of the real needs of the world sitffation. For the time being, however, messages from America give slight reasons to couple this hope with oxpectation. Apart from America the British Note has been haile'd in nearly every other country as both impressive and convincing.