WAR DEBT
LORD STAMP’S SUGGESTION TO U.S.A. CONDITIONS OF POSSIBLE SETTLEMENT. SHOULD BE LINKED WITH TRADE AGREEMENT. By Telegraph—Press Association. * Copyright. NEW YORK, June 9. Lord Stamp, a director of the Bank of England, who was elevated to the peerage in the King's Birthday honours, in an exclusive interview with the United Press, said he believed that some formula should be found to enable the United States Treasury to write off the debt of Britain. “The amount we can pay and that you can accept without difficulty must necessarily be limited,” he said. “Active negotiations for settlement of the war debt or possible resumption of token payments would help economically only if linked with trade and exchange agreements. You cannot touch one without touching all. It is not possible to do anything along the old lines of paying by way of surplus exports on our part and surplus imports on yours.
Permanent link to this item
Hononga pūmau ki tēnei tūemi
https://paperspast.natlib.govt.nz/newspapers/WAITA19380611.2.58
Bibliographic details
Ngā taipitopito pukapuka
Wairarapa Times-Age, 11 June 1938, Page 7
Word count
Tapeke kupu
151WAR DEBT Wairarapa Times-Age, 11 June 1938, Page 7
Using this item
Te whakamahi i tēnei tūemi
Stuff Ltd is the copyright owner for the Wairarapa Times-Age. 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