In a report made by the committee for the consideration of intergovernmental debts, an extension of the moratorium on international debt payments and reconstruction, and the readjustment of the intergovernmental debt-finding agreements was urged. F. A. Taussig '79, Eaton Professor of Economics, is a member of the committee headed by A. P. Sloan, Jr., president of the General Motors Corporation.
The report states. "a reasonable readjustment of intergovernmental debts promises far greater material benefits to the American people than the direct income which would be received if the payment could be made in full. employment and the earnings of American labor would be increased, and the profits of agriculture and industry would certainly expand.
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Ballantine Recital
