Salt Lake Telegram | 1933-06-10 | Page 2 | Great Britain Plans to Meet June Payment

Great Britain Plans Plas to Meet June Payment Report Is Government Will Wil Wi Settle War Instalment in Silver Siver and andin andin andin in Full Ful FulBy By HARRY nARRY FLORY United Press Staff Str Correspondent LONDON June 10 Great 10 Great Britain has informed the United States of o oher her intention of meeting the June 15 war debt payment in full ful the United Press Pres was advised d today by trustworthy trustworthy trust trust- worthy sources The Th payment wo would ld be made in sliver silver siver rather than gold The payment would be charged against the equalization fund to maintain the level of the pound with wih other currencies thus preventing pro pre pre venting an additional burden on th the budget budget The argument that a full payment would be a heartening gesture to accompany ac company the opening of ot the world wort economic economic eco eco- eco company conference was wa coupled with the honor of Great Britain in meeting her financial obligations at yesterdays yesterday's meeting of the cabinet cabinet and prevailed the United Press Pres wa was informed Officials declined to confirm or ordeny ordeny ordeny deny the United Press Press' information but it it was wa indicated the payment would exceed the pounds pound sterling token remittance which had hat gained widespread The official announcement ill v wi be withheld until Tuesday when Chan Chan- celler celer of the Exchequer Neville Chamberlain Chamberlain Cham Cham- will wl deliver it to the house housein in an effort to save President Roosevelt Roosevelt Roose Roose- Roose velt vel from embarrassment on the eve of adjournment of congress The British silver siver payment will wil wi total pounds a at today's close cose representing a saving of approximately overpayment overpay ment in gold The June 15 payment in gold is i W WASHINGTON Junc WASHINGTON June 10 UP An UP-An UP An oral communication on war debts debt from the British nr s m bi either cither r a pr par l payment or for payment in full ful in silver siver was wa being studied today by President Roosevelt Roosevelt The communication was wa presented by Sit Sir Sl Ronald Lindsay British ambassador ambassador am am- a. a and was represented as being be be ing an informal on one