Evening star., 1932-03-31
DEbT-TAX CLEANUP
SOUGHT BY WORLD.
Exchequers Scrapped, Loans
Launched by Dozen Nations
to End Problems.
BY the Associated Press.

BY the Associated Press.
NEW YORK. March Situations of
the world, from one end of it to the
other, struggled today with a Spring
housecleaning Of taxes and debts.
While the Congress struggled In
Washington to balance the 1882 budget
by enacting a group of new levies, eX-
chequers were scrapped and loans
launched in a dozen other countries IN
an effort to put the fiscal year on its
feet
Great Britain put the finishing
touches to a new budget that was plan
ned to leave tidy surplus
Premier Tardieu of France and Prime
Minister Macdonald of Great Britain
prepared to meet on Monday to pave
the way for a European conference to
outline some plan of aiding the dis
tresSed nations on the Danube.
Five Nations Concerned
The plight Of five of these countries,
Austria, Hungary, Jugoslavia, Rumanla
conference chiefly. although the whole
range of European problems, including
reparationS, war debts, disarmament
and tariffs, probably will be discussed.
At the other ends of the world the
new Manchurian government of Henry
Pu-Yi prepared to take over for its own
uses the Chinese maritime customs,
amounting to about $5 1000, 900, in Man
churia to secure funds upon which to
operate the recently inaugurated federal
regime.
The new constitutional government
OF Argentina, under President DR..
A. H..
for a patriotic loan" of 500,000,000
pesos (about SIPS, ,00O,00W to pay back
salaries and clean up other incidental
expenses. The bonds covering the loan
are to bear per cent.
At the same time the government
announced rigid economy campaign.
including the dismissal of probably
5000 public employees at the end Of the
month and scaling down of salaries,
in some cases from to Is per cent.
Some members of the House of Repre-
sentatives favored a cut in army and
navy salaries.
Australia to Pay.
At Canberra the Australian federal
government authorized the payment to-
morrow of 100000 due New York bank
ers from the State of New South Wales
and 100000 due bankers in London.
The Grecian government at Athens
announced it would suspend sinking
fund payments on Greece'S internal
loans for year and reduce the interest
2o per cent to meet the ccuntry'S finan-
cial difficulties. The government also
planned to try to get larger conces-
sion from the Financial Commission of
the League of Nations on April IL, de-
claring this was necessary if interest
payments were to be met.
At Stockholm officers of the Kreuger
& Toll companies looked to the gov
ernment for an extension until May
of the moratorium granted after the
Paris suicide of Ivar Kreuger, Swedish
match king. Stocks rallied, however,
On the prospect that loans of approx
mately s30,000,000 arranged by the
government for the Skandinaviska
Kredit. Aktiebolaget, bank which was
involved in the Kreuger & Toll diff
culties, would be approved by the
Riksdag Saturday.
Spanish Budget Approved.
The National Assembly approved
Spain's new budget at Madrid last
night. 1t carried obligations of 64,752,-
000 pesos (about S4.856, ,400).
The American Chamber of Com
merce at Paris was fighting tooth and
nail and trying to enlist the aid of the
American Government in opposing the
French quota system of restricting i'm
ports. The French government added
more restrictions in DEGREES published
yesterday and also raised the tariff
rate on fresh fruits, which chiefly af-
fects apple shipments, from s2.40 to
$500 per 100 Kilograms (220 pounds.