June 7.
The reception accorded the British Note in which it was stated that no payment would be made to the United States on June 15, of the instalment due under the War Debt Funding arrangements, has been a decidedly mixed one. in that country. There appears to have been a spirit of unanimous disappointment aroused by the Note though surprise was indicated in few quarters. The fact that the whole issue has now been straightly raised is welcomed by those of a far-seeing vision, as likely to open the way for a final settlement of the matter in the shape of an adjustment which will enable Great Britain to pay what she admits owing. Without going over all the well" trodden ground to show why it is impossible for Payments to be made at this june ture, it may be just as well to refer to an article in a recent number of the "Literary Digest" which goes to show that the position of debtors to the United States is well known in some quarters, though not so. generally appreciate ed as it was hoped it would be by now. The writer of the article to which reference is made says—
Text read from the printed page and cleaned; old type leaves the occasional error.