25 NOVEMBER 1932, Page 34


The British Note to Washington suggested that their should be a reconsideration of the whole problem of the debts, doubtless with a view to reduction, and that in the meantime the United States should consent to the postponement of the half-yearly service on the debt due on the 15th of next month. This Note, it may also be recalled, is probably the direct outcome of the agree- ment reached some months ago by the European Allies at the Lausanne Conference to co-operate among them- selves with regard to German Reparations and their own mutual debt obligations.