DEBTS TO AMERICA.
PLANS FOR PAYMENT. INTEREST PAYMENTS DEFERRED. By Telegraph.—Press Assn.—Copyright. Received July 29, 7 45 pan. Washington, July 28. The .Senate Finance Committee presented a favorable report on a Bill giving Mr. Mellor: (Secretary to the Treasury) unlimited power to arAnge for the collection of foreign loan.Outlining his plans, Mr. Mellon said that, starting with Britain and then dealing with France and other countries, he would •iik each debtor to submit a statement telling bow it could pay and what terms it desired. He would defer interest on collections for some time, although not necessarily to April, 1922, the date concerning which a former Secretary to the Treasury (Mr. Houston) had an understanding with Britain. Mr. Mellon said he might consent still further to defer the payments of interest if this was sought by Britain and France, and ht would not accept bonds from any nation except a direct creditor.—Aua.-N.Z. Cable Assn.
Permanent link to this item
Hononga pūmau ki tēnei tūemi
https://paperspast.natlib.govt.nz/newspapers/TDN19210730.2.28
Bibliographic details
Ngā taipitopito pukapuka
Taranaki Daily News, 30 July 1921, Page 5
Word count
Tapeke kupu
154DEBTS TO AMERICA. Taranaki Daily News, 30 July 1921, Page 5
Using this item
Te whakamahi i tēnei tūemi
Stuff Ltd is the copyright owner for the Taranaki Daily News. You can reproduce in-copyright material from this newspaper for non-commercial use under a Creative Commons Attribution-NonCommercial-ShareAlike 4.0 International licence (CC BY-NC-SA 4.0). This newspaper is not available for commercial use without the consent of Stuff Ltd. For advice on reproduction of out-of-copyright material from this newspaper, please refer to the Copyright guide.
Log in