No part of the debt owing to us has been cancelled or reduced; the postponed amounts are repayable over a period of about 10 years with interest at 4 percent.
Herbert Hoover: “No part of the debt owing to us has been cancelled or reduced; the postponed amounts are repayable over a period of…”
On the recordDecember 22, 1931
Source
presidency.ucsb.eduEditor's note · Context
Statement on Signing the Foreign Debt Moratorium Resolution.
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