r
CONGRESS OFFERS
TIME TO FINLAND
Senate and House Unanimous
in Granting Postponement
of Debt Payments
Siwlal to The Ntw York Time!/
WASHINGTON, June 14-Con-
gress adopted without dissent today
a resolution offering to Finland an
unsolicited moratorium on the pay-
ments on its debt to the United
States which would fall due on to-
morrow and on Dec. 15. The Finn*
Ish Government announced tonight,
however, that it would pay on the
dot.
Acting with unprecedented speed,
the Senate and House approved a
resolution by Senator Vandenberg
and provided for engrossment and
transmittal of a formal copy to the
State Department tonight.
The resolution, similar to one
made and accepted In 1931, does not
decline to accept payment of the
Finnish Installment, but offers to
Finland, the only debtor nation not
In default, the opportunity of post-
poning its payments if it so desires.
The Senate acted first, followed
assurances given to Senator John-
son of California that this would
not constitute a precedent for debt
cancellation.
When the secretary of the Senate
carried to the House the Vanden-
berg resolution, membors on the
floor greeted his announcement by
rising and applauding.
In the meantime the House Com-
mittee on Foreign Affairs con-
sidered Representative Hamilton
Fish's resolution to cancel tho debt
and Chairman Bloom reported it
favorably. The House then substi-
tuted the Senate resolution for its
own and passed it.
Mr. Fish announced that his only
regret was that* the resolution did
not cancel the Finnish debt.