Salt Lake Telegram | 1934-06-05 | Page 20 | England Joins Defaulter List

1 ENGLAND JOINS a DEFAULTER LIST t Brt British tish Action Throws VexIng Vex- Vex 15 In Ing War Debt Problem I Into Deadlock fr V I Br By U United Press T 4 WASHINGTON ASHINGTON V June 5 Great 5 Great Britain joined the war debt defaulters defaulters' default default- ers erst bloc today with notification to the United st States tes that on June 15 it Will not pa pay the millions due I. I The British debt note reiterated the view expressed 18 months ago that thai debt payment agreements cannot be revived without disaster With British British Brit Brit- ish debt default en on June 15 a problem pro blem blew which has plagued the world since ince the war goes Into deadlock The debtor objective appears to be bea bea a a general conference to adjust the advanced by the Unit Untied United ed States when its allies alUes had their backs to the wall The U. U S. S rejects the general conference idea There Is no intention in Washington of per per- nutting the tho United States to be ganged by its debtors p Finland alone of all the wartime borrowers will pay the semiannual instalment due next week Congressional leaders appeared to welcome the debt showdown precipitated precipitated by Great Britain despite Mr Roosevelt's plea that debtors make substantial sacrifices to meet their J Obligations LONDON June 5 JP 1 IP Neville Chamberlain chancellor of tho the exChequer exchequer ex ex- chequer told the house of commons today that Great Britain would have paid aid at least a token June 15 but lor for the fact that President Roosevelt could not guarantee that Great BritAin Britain Brit Brit- ain in would not not be classed as a defaulter de de- de faulter He said that the British debt note made public last night in Washington had lead been intended to be published simultaneously here and in Washington Washing Washing- ton today The chancellor said the government was was faced with the alternative of pa payIng pay pay- Ing ng the whole amount of the American American Amer Arner- ican jean governments government's bill to date date reo re recently Gently rendered at and and anda a a further sum of around next December 15 or of suspending all aU Interim payments pending a final revision by agreement of the existing war debt settlement 1 The x T The e re resumption of ot full payment to the United States he said would revived the whole system of intergovernmental war debt payments pay ments and would postpone indefinitely indefinite indefinite- ly Jy the chances for world recovery recover His majesty's government came to the conclusion it could not assume the responsibility of adopting a course attended attended at at- tended by such disastrous conse conse- consequences T i PARIS June 5 P France JP-France France now that she has Great Britain for a companion com com- companion panion as as a debt defaulter is expected expect expect- ed cd to press new efforts to liquidate her ber huge war debt to the United States