BALANCE-SHEET OF THE LONDON CONFERENCE.
“Tlie economy wliicli will result from the London CpnlcrencO,” eoiiimeifti the “Times” of London, “has been variously estimated, and it is indeed impossible to 'estimate it . wiht any accuracy, for no one can say what or how much they would have built without any agreement-, or even whether hey will now build up to the. full lim its of the agreed, programmes. Bui on any estimate many millions w.liic" would otherwise have been spent or instruments of .destruction will now remain in the pockets of the taxpayers or be available for other purposes. The saving effected, however, important as it is for every nation in the economic circumstances of the pesent day. is not the main benefit wide l may be ecenected to. result from■ .an agreement, if .and when it is ratified With the elimination of competitive naval construction there will also appear a prolific source oif mutual suspicion, misunderstanding, and friction, and the wav will he paved for p, 'rtlier progressive reduction at future conferences.”
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Hokitika Guardian, 13 June 1930, Page 3
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172BALANCE-SHEET OF THE LONDON CONFERENCE. Hokitika Guardian, 13 June 1930, Page 3
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