ECONOMIC SANCTIONS.
“Economic sanctions nre coming to mean something refreshingly new. Japan, the champion of dfehonust force, is perceptibly suffering from the economic sanctions which the members of the. League Council were too cowardly to Use, but which arc being used all tlie same by consumers in China, tlx* United States, and elsewhere, by London and New A’ork .bn likens who have refused war credits and by the unforeseen cost of tackling the spirited Chinese defence <il Shanghai. Ihe French tin t.iojun list Government ‘has to find 1000 million Irancs to balance its Budget which confronts it with the alternative of eventual inflation or of an economy campaign quite a.s dratlic as our own. The United Stales Government- is faced with a deficit equal to almost one-third of the total British Budget, find more than twice the May (lommitlee’s figure, which helped 0 1 put the noiind oil’ gold. In such a crisis all luxuries must he heavily mil down and the luxury of ariinaiiwiilw cannot escape attention.’ Ihe “WeekEnd Review.”
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Hokitika Guardian, 27 April 1932, Page 8
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171ECONOMIC SANCTIONS. Hokitika Guardian, 27 April 1932, Page 8
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