25 NOVEMBER 1932, Page 36


So much for a bare 'summary of -possible effects which may follow the decisions shortly to be_ announced in America concerning War Debts. I should not like to close this article, however, without recording nw awn belief that whatever may be the decision reached during the next fortnight, the events of the next few months will tend in the direction of an ultimate reConsideration by the United States of the whole problem of War Debts, and that such reconsideration will result in a greater measure of international co-operation than we have seen in the past. I am bound to add, however, that I base the expectation very largely upon the belief that it is through further adversity that this international co-operation will be secured.