ALLIED ACCORD

Gisborne Herald, Volume LXVI, Issue 20120, 14 December 1939, Page 5

ALLIED ACCORD

FINANCE-TRADE MORE THAN ALLIANCE NEW PHASE WELCOME WAR AND PEACE BRITISH PRESS VIEWS (Klee, Tel. Copyright—United Press Assn.) (British Official Wireless.) Reed. 10.40 a.m. R'UGBY, Dec. 13. The morning press welcomes the statement made yesterday by the Chancellor of the Exchequer, Sir John Simon, who said that as a result of recent conversations with the French Minister of Finance, M. Paul'Reynaud, a comprehensive agreement had been arrived at between the British and French Treasuries Which would secure in the field of finance co-operation which would correspond with that already announced at the last meeting of the Supreme War Council in otherfields of activity. The Times says: “The intimate co-. operation now established between the British and French Governments is essential to the victorious conduct of the war and will be no less essential for the successful handling of the economic difficulties which will have to be. faced when the war has been won. Lasting- Effect “Taken together with the previous agreements for the joint purchase of goods and material required from foreign countries, it creates a solidarity between them which is more than an alliance. It is .perhaps not visionary to hope that the economic and financial co-operation it has established between the two countries may long outlast the war and may in time be extended to embrace other countries with the same interests in peace and prosperity.” “One thing was missing from the comprehensive agreement between Britain and France, which the Supreme War Council announced on November 17,” says' the Manchester Guardian. “There was no reference to finance. The gap has now been filled toy the highly-important agreement announced yesterday by .Sir John Simon and M. CReynaud.” The iNewswChronicle states: “The agreement is a comprehensive one and represents a great step forward towards common administrative action by the two countries. There could hardly toe stronger proof of the community of purpose between the British and French peoples.”