The Archive · 1932

Europe Nearer Precipice

London, Jan, 9. tion (o\ say that the. economic and "It is by no means an exaggera

structure of Our dally eater "4 precip is that ie thin The between © repudiadeclared the Hon, ler Shavt, deputy chairman of, the P. & 0. 8, N. Ca, Company and a Ditector of the Bank of Eng-

He was addressing a meeting of, business and shipping men at Liverpool and went on tosay, "It musty never be forgotten that while America remitted 18 per canty, of Britain's war debts liability, Britain 4-0 creditor had forgiven the Allies 70 per cent, of their debis. I ber lieve she is' ready' to carcel the Whole as soon axa World arrange, ment' ix possible Instead of free contribution of ind icans to ® common ewuse!

the. war, the Allies drew the: an United States did not charge ug: the Allies either the pay of the' soldier or thy cost of the gun and! shell. But when an American shell. twas fired by British of rench sold Jets to. the same purpose. in' the ame common cause it created old debt due the United: Staves Never beters in hhintory vas sugh, Jap-sided commercialism so missy the world was waiting," cot "The healing message for whi the Speaker, "was "forgive. chess we forgive our debtors

Text read from the printed page and cleaned; old type leaves the occasional error.

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