The Archive · 1934

Hoover' Moratorium Blamed

Washington, June 14, The French and Belgian—governments had previously. sent. notes. reiterating their because no new developments occurred in the debt situation since December, 1932, France's communication added that {torlum, presumably because the mora. {torium' had cut off receipts from her debtors, Ttaly's debt to the United Stater totalled $2,407,677,000, met in full her obligations up to the end of 1992, [prior to which she had repaid $0F 829,850, but, in 1938, she adopted [Britain's "scheme of making' small payments 'a means of avoiding default. The Johnson. Bill enacted at this session of Congress, however, classed such payments as Poland funded its debt by agreeing to. repay in all $435,687,590 In prin cipal "and interest. Of this, it has repaid $22,646.297, being in arrears $8,802,900 at the end of 1032, since [when it had paid nothing, The Rumanian debt amounted to under the refunding Jarrangement, on which $4,761,045 has [been paid.

Hungary owed $4,603,240 in total, Jas funded and, prior to'defaulting on its last 1982 instalment, had repaid sar (88.—United Press.

Text read from the printed page and cleaned; old type leaves the occasional error.

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