The American Debt A determination on the part of the
heads of the British and the American Governments obviously does not mean that they. have settled all their. problems. The most urgent of these is that of the debt. The Chancellor of the Exchequersays that at the prevailing rate of exchange the amounts due from this country are £19,059,000 on June 15th next, and £29,528,000 on December 15th. The first of these dates is close upon us, yet Mr. Chamber- lain, though closely questioned, has neither made any statement on the. question,- nor promised any. The proposition that the matter should be discussed un- officially in the intervals of the Economic Conference is not very helpful, for the Conference meets on the 12th and the debt _is due on the 15th.