Aug. 30.
It is, Derhaps, somewhat unfortunate that, cables " being what they we are not in fuller possession of the terms upon which Mr. Snowden has accepted a settlement of the most important question before the Reparations Conference, vis., how much Britain could save for herself out of the delightful game of beggar my neighbour in which she apparently was playing the title role. But suf-'Acient has been received to show beyond the peradventure of a doubt that the Labour Chancellor of the Exchequer has scored a decided success, the success of a determined man launched on the difficult task of correcting the puerilities of the administration which preceded him. It hardly seems necessary] to revise at any great length the figures which we have put forward in this column on the same subject during the past three weeks; a more succinct} method of expressing the position is to be found in M
Andrew Mellon's statement in the Annual Report of the Secretary of the (U.S.) Treasury, 1927, He says there on page 324:—"All our principal debtors, except Great Britain, are already receiving from Germany more than enough to pay their debts to the United States; and France and Italy, with the exception of this year (1926-27) in case of the latter, are receiving. from the same source more than enough to pay th
Text read from the printed page and cleaned; old type leaves the occasional error.