Evening star., 1932-11-14
Text of Notes on Debt
British Urge Quick Action in Exchange of Views on
Existing Intergo,ernmental Debt Regime-French
Request Extension of Holiday for More Study.

them for the period Of the discussions
now suggested or for any other period
that may be agreed upon.
"His majesty's government In the
United Kingdom believe that the pro-
posed discussions could best begin In
Washington, and II this suggestion
meets with concurrence, they are pre-
pared to provide me with the neces-
sary instructions. On this point, how
ever. as well as on the osher points
touched upon In the present note, they
await an expression of the views of
the United States Government.
"(Signed) r. G. LINDSAY"
The State Department announced the
views CT the French government were
continued In a memorandum, the trans
lation Of which follows:
PARIS, November 10, 1882.
1.-THE French government, seriously
concerned with the effect that the
problems arising from the intergovern-
mental debts are having on the world
wide depression, deems 1t Of vital I'M
portance TO approach the Government
Of the United States, asking 1t to CO.
operate in examining this question in
spirit Of frankness and true friend
hness.
During the months Of June and
July last, the governments Of Europe
assembled In Lausanne with a view to
averting to the very best Of their
ability the difficulties arising from the
payments which these debts entail.
"Basing its action upon the principles
which were expressed In the joint COM
munique issued on October 25, 1881,
by President Hoover and Mr.. Laval
at the conclusion Of their discussions,
and which were the logical development
Of the proposal made by the President
Of the United States in June. 1881. the
French government, certain Of being
IN close accord with the ideas of the
American Government, voluntarily
agreed to very heavy sacrifices at
Lausanne, hoping thereby to appease
resentment existing among. nations,
and at the same time to make con-
tribution toward economic recovery
and toward the consolidation of peace.
Important as were the effects of
and Lausanne Conference, 1t must be
said that the economic and financial
difficulties which stand in the way of
resumption Of normal relations be-
tween nations are still present, and
that further effort must be made to
put an end to them In the interest of
all.
"The attitude which France dis
played at Lausanne and at Stresa is
proof Of the active interest which she
attaches to the prompt economic re-
covery Of Europe and of the effort
which she still contemplates making
toward fulfilling this task. France Is
no less anxious to Cooperate in bring
ing about the success Of the world
wide economic and monetary confer
ence.
"It is in this very same spirit that
the French government today pro-
poses to the Government of the United
States to join with 1t in a further
study Of the debt question. Inasmuch
as such q study will by virtue Of cir
cumstances require too much time for
a speedy conclusion to appear probable,
the French government asks that, In
accordance with the process followed
at Lausanne, an extension Of the
suspension of payments may be granted
to the French government In order that
the study of the present serious prob
lens now under discussion may be con-
tinued and completed in the neces-
sary atmosphere Of mutual trust. The
French government Is further con-
vinced that such q step would have
the most helpful effect on the monetary
crisis which threatens so many nations
Trusting In the high wisdom and
the spirit Of justice Of the American
Government, the French government IS
convinced that its point Of view win
be understood and that the request
contained herein viii be favorably re-
ceived."
Farmers Of England are asking the