ALLIES' FINANCIAL STRENGTH

Dominion, Volume 8, Issue 2396, 27 February 1915, Page 7

ALLIES' FINANCIAL STRENGTH

DISCUSSED IN BRITISH PARLIAMENT ®ec. February 26, 5.20 p.m.) London, February 26. In the House of Commons, upon tbo motion to approve the Chancellor's triple agreement with regard to the pooling of the Allies' resources, Mr. Austen Chamberlain (Chancellor of the Exchequer in the Balfour Unionist Ministry) said that the financial resources of the Allies was beyond the capacity of the mind to conceive, and they could, not make full use of these resources unless by some organised system. The Germans' greatest strength lay in the extent to which their resources had long been organised for such a contingency as the present. Mr. Lloyd George (Chancellor of the Exchequer) remarked: You should have confidence in being perfectly prepared to use- your gold. There is too much of the disposition, to worship the golden calf. Here you have 150, 160, or 180 millions of gold, and there it remains, as an idol, not as currency, purely beworshipped, and giving that sort of strength which comes of implicit belief in your idol. Ido not desire to prophesy too much, but I don't mind saying that the reserves of gold at our command will carry us through any emergency which it is possible to foresee. That is my. firm conviction, supported by careful inquiries in the city." —("Times" and Sydney "Sun" Services.)