Evening star., 1933-01-26
BRITISH PAVE WAY
| FOR DEBTS PARLEY
Exchange of Ideas Expected
to Precede Roosevelt Con-
ferences With Debtors.
By the Associated Press.


Great Britain's acceptance of terms
for war debts discussion was regarded
today as having filled in much of the
ground that must be built up before
President-elect Roosevelt talks with
that nations representative.
This attitude was taken generally in
many quarters, despite the British res
ervation against deciding in advance Of
meeting of all nations to be repre-
sented what subjects should be placed
on the agenda of the World Economic
Conference.
In the weeks preceding the American
meetings In March with Great Britain
and other debtor nations which have
paid promptly, other exchanges un-
doubtedly will take place, outlining in
more detail the ideas of both Mr. Roose-
velt and the prospective foreign visitors.
Roosevelt Maintains Silence.
The incoming Chief Executive HIM
self had no comment to make at Warm
Springs of the British acceptance, but
he was represented as having well de-
discussions and the economic confer
ence and being ready to do his own
bargaining.
Sir Ronald Lindsay, the British Am
bassador, delivered his countrys note to
the State Department. 1t said that
Great Britain is happy" to accept the
opportunity Of debts discussion, and
added:
The effect of the debt situation upon
a wide range OF world economic prob
lens Is crucial to every government
and In the course of the discussion at
Washington on the debt we shall be
glad to take the opportunity Of ex-
changing views with Mr.. Roosevelt on
those other matters in which the two
governments are so closely interested.
1T will be recognized that decisions
on matters which constitute the sub
ject of the approaching World Economic
Conference and which affect other
States cannot be reached before discus
sions take place at that conference be-
tween all the States represented there"
May Limit Scope.
In London this was interpreted as
definitely limiting the scope of the
Washington talks. 1t was suggested
that Britain does not desire to be drawn
too deeply into any general discussion
OF world economic problems at that
time
In this connection it was recalled that
those close to Mr.. Roosevelt have dis
cussed among themselves the idea of
| proposing a postponement of future
debt payments for period until the
new Democratic President has a chance
| Of bargaining at the economic confer
ence for trade concessions and stabili-
zation Of foreign exchange which he
desires to promote American PROSPERITY
Protection Of home industries by the
immediate passage of legislation to re-
store normal tariffs against countries
with deprecated currencies was urged
last night by House Republicans.
Smell Urges Action.
They acted only little while after
the assertion was made on behalf of
President Hoover that he feels that
either the United States must build up
its tariff walls to counteract depreci-
| alton of foreign correncies or the latter
must be re-esta ablished.
Representative Smell of New York,
the Republican leader. proposed reso-
luton to his colleagues, which was
adopted without dissent, urging "the
enactment by the present Congress Of
such legislation as will place the do
mestic producers Of articles now ad-
versely affected by competition from
countries with deprecated currencies in
the same position as regards compe-
tition in the United States market as
they would have occupied if such de-
probation had not occurred"
These developments came at a time
when a new swirl of debt talk swept
Congress. with a furious debate claim
ing the attention of the Senate
Through it all ran strong indications
that opposition to cancellation or re-
vision still is strong on Capitol Hill
Arthur B. Lule. consul general for
Iatvia in New York. renewed his re-
quest to Secretary Stimson today for a
debt discussion and was told by the
Secretary of State that Latvia will be
granted a hearing under conditions
similar to those arranged for Great
Britain and others.