BANKRUPTCY OF EUROPE
INEVITABLE UNLESS EXPENDITURE REDUCED. (Rec. February 27, 5.5 p.m.) London, February 26. Mr. Henry Bell, director of Lloyd’s Bank, who took part in tee international financial confrence in Brussels, states that Europe will inevitably reach a state of bankruptcy unless the warlike expenditure is reduced. Economic rehabilitation is impossible until this has soaked into the minds of the people. It was a curious paradox that Germany and Austria were being saved this econo, mic waste. The Allies virtually said to them: “Yer. must not spend money on war preparations. We will spend it.” Aus.-N.Z. Cable Assn.
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Dominion, Volume 14, Issue 132, 28 February 1921, Page 5
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99BANKRUPTCY OF EUROPE Dominion, Volume 14, Issue 132, 28 February 1921, Page 5
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