Speech at Derby: The Loan Guarantee London, Sept. 27.
On Mr. Ramsay MacDonald deporting from St. Pancras to-day to Jdcliver at Derby his first political speech since the recess a group of men in working-clothes shoute Stick to the Russian Treaty, Ramsay, even if you fall."
Addressing a packed audience at Derby, the Prime Minister said that Labour's opponents. were now beginning to be afraid because the Labour Government had not ni the country, but had proved fitness to govern better than they.
Referring to the convocation of Parliament on Tuesday, Mr. Mac-Donald appealed to all' parties to Jcome together to secure the fulfilment of the country's solemn bargain with South Ireland. Replying interruption, he said that Ulster must be fairly dealt with equally with the South.
The Prime Minister, referring 10 the difficulties of the League of ions, said that war must bs outlawed. The Labour Government would yet establish conditions under which men would not fear war.
The Loan Bogey The speaker dwelt chiefly on the He knew there were difficulties in that connexion, Mr. MacDonald said; and explana. tions must be given. We were not giving a loan to Russia. We were only guaranteeing a loan, the purposes of which had been clearly defined.
He had been called a Bolshevist because he sought to make peace with Russia, Should he be called a Mohammedan if he would make peace with Turkey?
Great Britain had secured many valuable concessions under the Treaty. The Russian market would be re-opened, and propaganda had been stopped We had succeeded where previous Governments had failed in. getting Russia to admit her debts, and in establishing machinery to fix liability.
Br. Lloyd George had levied war on Russia, Mr. MacDonald continued, which' consequently had made a counterclaim. We had not yet settled the claims, but had drafted a document," which believed would settle them.
Mr. MacDonald ridiculed the suggestion that the loan would be
Text read from the printed page and cleaned; old type leaves the occasional error.