On the recordDecember 22, 1931
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.
Source
presidency.ucsb.eduNo 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.
Statement on Signing the Foreign Debt Moratorium Resolution.
Share
More from Herbert Hoover
In order to avoid the confusion arising from the fact that there is a national park and a national forest in the State of Virginia bearing the same name, that is 'Shenandoah,' it is hereby ordered that the name of the 'Shenandoah National…
It is not intended by this order to give any publicly owned lands a national-forest status which have hitherto not had such status, nor to remove any publicly owned lands from a national-forest status.