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Seward Daily Gateway
Seward, Seward County, Alaska
What is this article about?
In London on June 13, the British Parliament reassembled amid tensions over war debt payments to the US, with a complete British default predicted for the due date on Thursday. French default is also likely, potentially leading to a European debtor bloc forcing a settlement. Sensations at the session included Secretary Hull's absence, replaced by Premier Daladier.
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DEFAULT LOOMS U.S.
WAR DEBT PAYMENTS
LONDON, June 13. Reassembling of the second session amid an air tense with drama and expectancy produced by the war debts situation and an earlier British cabinet meeting, failed to remove the threat of British default Thursday.
French default is also likely and observers predicted a European bloc of debtor nations to force a settlement with the United States.
Sensation after sensation occurred at the morning session with Secretary Cordell Hull, who was to make the first speech, not appearing. Premier Daladier taking his place.
Americans said Hull was delayed in preparing his speech; that he will bear into the battle ground the banner of tariff moderation for which he has fought throughout his long public career.
Complete default of Great Britain's war debt payment due the United States Thursday, was authoritatively predicted by American sources today.
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Foreign News Details
Primary Location
London
Event Date
June 13
Key Persons
Outcome
complete default of great britain's war debt payment due the united states thursday, was authoritatively predicted; french default also likely; potential european bloc to force settlement
Event Details
Reassembling of the second session amid tense atmosphere from war debts situation and British cabinet meeting failed to remove threat of British default Thursday. Sensations at morning session: Secretary Cordell Hull absent, Premier Daladier took his place. Hull delayed preparing speech on tariff moderation. Observers predict European debtor nations bloc to force settlement with US.