Representative Being Sent to London to Negotiate on Moratorium Dispute London, June 22.
The outcome of the exchange of Anglo-German notes is that Britain has invited Germany to send representatives to London to discuss a debt agreement, with the sim of avoiding the necessity of establishing fan exchange clearing office or evolve ing a means whereby clearing could be administered with a minimum of disturbance to trade between the two countries.
Plain speaking was the feature of the British "Government's note, despatched on Wednesday and published to-day, on the subject of Germany's foreign debts. At the end of the note, Sir John Simon, the Foreign Secretary, repeats his offer to postpone the inauguration of the exchange clearing system if the Reich will negotiate for a new settlement for the treatment of British bond-holders. The rest of the: document, however, contains blunt verbiage' such as has not appeared in state papers here for some time past, 'The British Government, while expressing sympathy with the desire the German government to stimulate employment in Germany, entirely dissent from the view that efforts to that end must entail complete suspension of all transfers on Germany's foreign debts, and point out that such an action by destroying Germany's credit must, on the con-impair the possibilities of infaming the import of essential raw materials, renewing trade and restoring. prosperity sto the German nation.
Text read from the printed page and cleaned; old type leaves the occasional error.