Winston Churchill's Emphatic Statement on the Proposed Revision of Payments: Change at Britain's Expense Repudiated London, May 10.
Churchill in the House of Commons to-day sai that His Masty Governme Stances would accept the propose's mentioned recently, which were to 1 fffert that practically the whole enst of revision arns Payments should he borne by Great Britain by alteration, to Britain's Uisndvantage, of the' percentages already definitely agreed to amon the creditor Powers.
'The first publication of sugges: tions to this effect was greeted Wi 8 spontaneous outburst of pro the British press and public Opinion, 'This is based broadly upon the opinion and feeling that Brita' a Ras already borne an excessively Reavy share of the financial burden= entailed by her advances to her 'Allies, amounting to £1,600,000,000 and, in order to finance' her Allis arrowed more than half Cha Amount from. the United States, Britain in 1 funded her debt terms whi Provided fo) years, with back interest from June 2919 capitalized at 41 per interest from date of ref For ten Amounts due' ts of her debt Balfour Note of August 1 summed up British policy. cly Mis Majesty's that of surrendering their share German reparations aod writing off Through one great. transac Whole body of inter-allied debts, No Desire to Make a 1
But if this be found impossible of accomplishment, we wish it to be understood that we do mot in voy event desire to make a profit out Of any less satisfactory arrange: do must not fall on Britain afore bbe shared proportionally: all the creditor nations—British Wireless through Reuter.
Text read from the printed page and cleaned; old type leaves the occasional error.