Salt Lake Telegram | 1935-06-07 | Page 17 | Clark Reports on Bond Setup

CLARK REPORTS ON BOND BONO SETUP Says Defaulted Nations Nations Nations Na Na- Want to Pay J. J Reuben Clark Jr first counselor counselor counselor coun coun- in the first presidency of oC the L. L D D. S. S church accompanied c by Mrs Clark returned Friday Frilay from the east cast They left Salt Lake City April 11 As president of the Foreign Bondholders Bondholders' Bondholders Bondholders' Bondholders Bondholders' Bond Bond- holders' holders Protect Protective v council Mr Clark reported progress in contactIng contactIng contacting contact- contact Ing more countries whose bonds are in default deault The sentiment see seems to be that most want to resume debt service the question being what amount shall shan be paid Mr Clark said He reported he m met t with a Chilean commission but that the meeting failed to reach any agreements for payment of oC Chilean bonds However However However How How- ever the tho commission left with an understanding of what might be bedone done he said Unrest in Europe Including w war r possibilities is delaying settlements there Mr Clark said The Utahn addressed meetings of bankers and brokers in Baltimore Providence and Boston and spoke at a convention of the Iowa Bankers Bankers' Bankers Bankers' Bank Bank- ers ers' association at Moines Des Des Moines while en route home As first counselor to President Heber J. J Grant Mr Clark represented se general authorities of ot the church church-at at the first conference of the recently organized New York stake and spoke at New York ward meet meet- ings On May 26 ho lie org organized the Queens Queen's ward vard bishopric there During their trip Mr and Mrs Clark visited their son-in-law son and daughter Mr and Mrs Mervyn S. S Bennion at Newport R. R L