'The House of Commons unanimously' adopted. a. resolution tnoved by "Afr. Winston Churchill, Ghanection, of he Hxcheuen 0 Recovery Act of 1021 (which ime ming™ the German eparation
posed a 26 per cent levy on German imports into. England) and ube Stitating an alternative method, not Invelving payments by" individual merchants, without prejudicing. the lite of the British Government in Feepeet to the act Churchill said that the Act had produced over £26,000,000 for the British Treasury, 'The new af-Fangement was due' to. Germany's desire for'a method more neceptabl her and to the fact that the levy, owing to the revival of Anglo-German trade, Intterly Nad Been Péoducing move. than the. Briish Share of reparations.
The Government was satis ed that the German Government would cooperate loyally Tu the new system, which would produce' the same.
the eyys with "far Leas and. diaiuirbance' of inter:
"The arrangement was a small step twwardh European appeasement and restoration.
Mr." William Graham, Financial Secretary to" the Treasury in the Into Labour. government, and. Mr. Lloyd "George approved the new arrangement." The sale dissentient was Sir Frederic Wise (Conaervative) who "asked" whether the: Do-Iminions had been consulted with ré- zard to the suspension of the levy.
The House of Lords carried with-lout discussion a reaotution similar that of Mr. Churchill—Reuter.
Text read from the printed page and cleaned; old type leaves the occasional error.