The board of managers of the New York Cotton Exchange passed resolution to-day urging " fresh study of the war debt problem fan eonoynle rather than politico The resolution also urged that no Jdrastie action should be taken in respect of any nation if would result trade with America, Paris, Dee. 9, The Foreign Affairs Commission of the Chamber of Depaties to-day. voted in favour of paying the war debt instalment due to the United States on December 15, This dleion, however, ix subject to the linoning of a conference to review the problems connected with war debts.
The vote was taken after the Premier, MI. Herzl lad reviewed recent' events, ieularly the conand foreign affairs. He was armed with the American Note, which re-Jects the possibility of the suspen-jon of the December instalment and reiterates President Hoover's view of the possibility of a subsequent adjustment by <a d offering America compensatory economic be-befits.
President Moover expresses appreciation of the value of Prench explanations in regard to the flow gold towards France, but says that the existence of these deposits in that country seems rather to ave sone relation tothe. present problem, which is to face the li mediate' difficulties of transfer, cs-Pecially as regards the payment on Devensher 15.—Reuter Sydney, Dec. 10.
The newspapers have been given definite assurance by a spokesman for the British Government that the Lausanne agreement will be maintained. "This means that although Great Britain may be obliged to resume payment to America, she will not ask the Dominions to resume war debt payments to her-—Reuter.
London, Dec. 10. it Arthur Salter, addressing the, ional Peace Council Conference yesterday, put the point of view of the American citizen on war debts, bat urged that the enlightened self interest of the United States demanded cancellation or reduction.
The European creditors of reparations, he said, had at Lausanne commuted Germany's remaining lability for a final fixed capital sum and haa) provided that this should "be discharged in a way which wou never involve an annual payment by Germany of more that about one-tenth of what was required by the Young Plan of three years ago. That was not altruism but enlightened self-interest, He was sure that if America acted similarly, it would also prove immensely to the advantage of the whole world and herself.
'But if people in Britain would look' at the situation - coolly and
Text read from the printed page and cleaned; old type leaves the occasional error.