CHEERFUL VIEW

Manawatu Standard, Volume LIII, Issue 13, 13 December 1932, Page 8

CHEERFUL VIEW

CHANCELLOR ON WAR DEBTS

(United Press Association—By Electric Telegraph—Copyright). Received December 13, 1.50 p.m. LONDON, Doc. 12. “I don’t think we need quarrel with Air Stiinson’s reply,” said Mr Nevill Chamberlain, Chancellor of the Exchequer, at Birmingham. “We don’t ask acceptance of our proposal for the capital payment at this stage, but have reserved the right to advance it when the discussions begin. If the discussions are treated in the usual friendly irit I believe it will be possible to reach a conclusion satisfactory to Britain and the United States.”

Referring to Lausanne, he said tho question of asking for payment from Britain’s debtors did not arise at present, but if the Lausanne agreement was not ratified owing to the impossibility of making a settlement with America, Britain’s claims upon her debtors would be revived with full force. He added: “I take a more cheerful view of Britain’s prospects than I have for many months.”

RECIPROCAL TRADE

SENATOR’S PLAN FOR TREATIES.

Received December 13, 12 noon. AVASHINGTON, Dec. 12.

Steps to advance his proposal for reciprocal trade treaties with Canada and Great Britain are under contemplation by Senator Hull (Democrat, Tennessee). Ho hopes to take them up shortly after the Christmas recess. “The effect of the Ottawa Conference,” said Senator Hull to newspapermen, “was to restrict world trade as a whole instead of to encourage expansion. I think it was unfortunate for Britain to he forced into a policy we had promulgated and led the world into by our increased tariff rates. I am hopeful of focussing attention on my proposal and believe we can advance it after tho Christmas recess.” ITALIAN OPINION. DEBTS AND DISARMAMENT LINKED. Received December 13. 12.25 p.m. ROME, Dec. 12. The Osservatoro Romano, in an inspired article, says: “The sacrifices demanded of America must not be disconnected from peace. AVar debts, reparations and disarmament are interdependent. If Europe insists on a revision of war debts because they cannot be dissociated from reparations the United States must insist on a relation between revision and disarmament.”