REPARATION IN PRACTICE.
“The payment of Reparations will strengthen ami probably heighten the tariff walls of Europe and America. Having asked for reparations and payment of war debts, the nations, with a complete lack of logic, will do their best to prevent the inflow of foreign goods which must necessarily pass them as payment. Germany’s industrial activity will excite the nations of Europe to follow suit, and we shall have everywhere an increased; production capacity with a stationary or. perhaps worse, a declining market. Reparations payments m' goods or in services will cut across the nor-
ma! channels of international trade and tend to produce dislocation. Tim United States will find her exports to Europe diminishing as a result of the Young Plan, and Great .Britain must accept the unpalatable -fact that the Continental nations have definitely ceased to draw supplies ol heavy
manufactured goods from this country in the pro-war ratio, as a consequence of this class of goods for themselves.”—Mr W. Gallaoher, Direct r of. the S.C.W.S.. in the “People’s Year Book.”
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Hokitika Guardian, 22 March 1930, Page 3
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174REPARATION IN PRACTICE. Hokitika Guardian, 22 March 1930, Page 3
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