BRITAIN’S ATTITUDE

Hokitika Guardian, 24 October 1928, Page 4

BRITAIN’S ATTITUDE

IN REGARD TO REPARATIONS. (United Press Association—By Electrio Telegraph—Copyright). (Received this day at 10 a.m.) LONDON, Oct. 23. The stand Britain will take at the forthcoming reparations conference was outlined (by Hon. Churchill in ft speech at Chingford. He said ‘Britain would do everything possible to advance any good arrangement to fix Germany’s total, but Britain has already made immense unequalled contributions to a reduction of repaid tions. He added:—‘*We 'have renounced all idea of taking money either from the Allies or Germany for ourselves. We have forgiven our debtors who owed us two thousand millions sterling. Everything except what was needed to pay American creditors for munitions has been expended in the common cause. No other ally has made or contemplated anything like an equal sacrifice. Surely nobody can expect us to do more. We have taken a stand irrevocably on the principle of the Balfour note. Wo have to pay thirtythree millions yearly and are actually getting now about thirty-two from Europe. Thus on the point of achieving the position aimed at in the Balfour note we shall do everything in our power to maintain that position in the future.”