THE FRENCH DEBT
(Press. Assn.-
AMERICAN ADMINISTRATION REFUSES TO RELAX ATTITUDE HOOVER'S INTENTIONS
-By Telegraph — Cnpyriglit) .
Rec. Dec. 18, 6.0 p.m. Washington, Dec. 17. Apparently not wishing to aggravate the Franco-American debt sitnatio'n, Senators Harrison and Borah have refrained l'rom diseussing the matter in the Senate. It is understood that conftdential advices from France to the State Department state that the overdue payments might yet be met. Administration officials refuse to amplify the reports that a consultation Avith Mr. Franklin Roosevelt is likely. Iiowever, one of Mr. Herbert Hoover's spokesmen says that Mr. Hoover's idea was to keep the debt situation liquid until Mr. Roosevelt takes office. Meanwhile Mr. Hoover continues to be principally desirous of giving relief to Great Britain with the hope of stabilising her currency and resuming the gold standard with resultant higher commodity prices. The United States infonned France and gave similar indications to other debtor nations that the administration is willing to continue the debt dis cussions, but is opposed to any gen eral conferences, and can make no offer of revision. This was a brief outline of the stand taken np bj' the administration as given out on Saturday by prominent aiithoritative sources. While Mr. Hoover and his aides
continue to await the efl'ort by France to form a new Government and await developments abroad, it is made clear that the indications given to debtor nations have not been transmitted in the form of a new formal Note, but are being based on previously exchanged Notes and in formal conversations with diplomatic representat ives. Mr. Hoover feels, it was stated, that in the faee of default, the attitade of the conference against the creation of a commission to review international and finaneial obligations rnay possibly be relaxed. No new decision has been made by hina as to when his special message to Congress will be despatched.
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Rotorua Morning Post, Volume 2, Issue 409, 19 December 1932, Page 5
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312THE FRENCH DEBT Rotorua Morning Post, Volume 2, Issue 409, 19 December 1932, Page 5
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