USA: Ogden Mills press conference on the Hoover Plan. (1931)

BRITISH PARAMOUNT NEWSREEL (REUTERS) To license this film, visit US Treasury Under Secretary, Ogden Mills, press conference on the Hoover Plan for moratorium on repayment of World War I war debts. Full Description: USA: Washington DC: INT Ogden Mills (US Treasury Under-Secretary) press conference SOT - present depression is world wide / the conditions in other countries, more severely affected than our own, retard our recovery - usually there is little govts can do but inter-governmental debts are definite in form and their immediate impact can be suspended - amounts, which under normal conditions are not burdensome, weigh heavily in a period of depression and both psychologically and actually, are a real barrier to recovery - the president’s programme will afford the world a much needed breathing space - his leadership will, in my judgement, go a long way towards restoring the confidence