srectat 70 se "N.-€, WERALa""
London, Feb. 12-
"Wisely administered, the new de-
credit or the supply of cheap money fence loan will not endanger British fo essential to industry," alinned Sir Semuel Hoare, First Lord of the Admiralty, in a speech at Birmingham.
He recalled that the Chancellor of the "Exchequer, Mr. Neville Chamberlain, had already effected with unequalled success" several great old days of defeatism are over," he added." We are determined to put our defences in order, and though we may be slow in starting we have " remarkable way of even= tually finding ourselves at the winning post."
The Government's defence loan proposals have received a mixed Feception in the London newspapers. Reuter, Quite Fair, Says Berlin sepctad ro HE "Un, MORALD!"
Berlin, Feb, 12.
After the Chancellor had made hi statement Mr. Attlee called his. tention to the serious import of a. proposal which was "unprecedented times of peace" and asked for the tabling of a White Paper on defence before the House was called upon to, Teach a decision.
'The Prime Minister, Mr. Stanley Baldwin, promised. to' consider when ther a White Paper would be the best means of presenting Information which the House might desire to have advance of "the general debate, for which he offered facilities, Mr. Chamberlain was then asked whether his statement meant that, soon after, the bill giving authorizafor raising a large sum of money
Issued stock the purpose' of posted, there would, in fact, be vralaceg the mi cannot ly answer that question to-day," replied the Chan-collar, OMficia) circles in Berlin, comment ing on the proposed British defence loan, take the view that Great Britain perfectly entitled to adopt the measures she thinks ft to strengthen her armaments. A Government spokesman declared that, just Britcin must arm for all eventualities, must Germany—Reuter.
France Welcomes Scheme sreeiat £0 te ce.
Text read from the printed page and cleaned; old type leaves the occasional error.