The Guardian And Evening Star, with which is incorporated the West Coast Times. THURSDAY, APRIL 27, 1933. THE INTERNATIONAL OUTLOOK

Hokitika Guardian, 27 April 1933, Page 4

The Guardian And Evening Star, with which is incorporated the West Coast Times. THURSDAY, APRIL 27, 1933. THE INTERNATIONAL OUTLOOK

.A’ii good intentions of iMr Ramsay uacDouald and Mussolini to create a -hropeuii pact to. pre-eive peace in -uropo, progressed well up to a cer--aiu point, la their good nature, Jermnny wag to he included in tin, pact,'but events have happened of late 1 hick will not make the German .ation at ail popular with the onooking world. The Jewish persecu--i.iu has .aroused, naturally, the ire 01 me British, and strong remarks were •1 hide in the Commons. Germany can hA'clly afford to ignore that attitude. Prance, which did not veto the pro- . posed pact, is rather pleased now that he eyes of the British are open to die German 'attitude, and we may be sure while the ruthless persecution conlanues, Germany’s entry to anv proposed pact will be. difficult indeed., j-h-e persecution has been very ferocious, .and there is not. any open indication of (the Readers at. all attempting to restrain the passions of the mob. Germany by this overt act is imperilling the good, relations with other nations, and a , serious position may result. In the United States the heads of. international 'leadership are engaged, in considering the worldecoiKiinic position, -with.; which is bound up, the .War debt settlement. The conference has a very, important homing on the outlook. Be far ii s the British and Amerioat; leaders are concerned, their public expressions indicate they are bent on endeavouring to reach a way out from the great difficulties besetting the nations. It will, probably, I c a ease of bargaining. The United States, like all other countries, desires more trade. The recent financial stroke in abandoning the gold standard for the time being, was no doubt intended to be part of the President’s stock-in-tro.de when carrying nut his bargaining, proposals. The .States ha® much go Id hoarded in the vaults, and there wag not any need from a purely financial aspect, to abandon the gold standard, but America is hungering for trade as the soundest means of meeting the unemployment situation, and here was the opportunity to use .a special lever in regard to tariffs as a- means to promote trade. Britain has most to gain through a favourable debt settlement The country is carrying a huge debt incurred largely for the benefit of the Allies. Those" fatter {are - unable to repay Britain, hut Britain must go on repaying the United States! That, position has been growing intolerable It is said Britain favours a lump sum settlement, and the fact that gold is being ir.ccuundated in Britain is said to he an indication of a coming event Be that as it may, a debt settlement on moderate terms will bo a great aid to Britain’s ultimate recovery. The Motherland stands to-day in ia good financial position, and has weathered the economic situation better than any other nation. But recovery and improvement cannot go on with the oppressing war debt burden, land until this liability is cleared up Britain cannot set cut on the high road to as svired prosperity. The conference in Washington, therefore, is pregnant with great possibilities, and even though the United 'States .should spore till rough its latest tactical vet, the gain to Britain will be enormous if a war debt settlement can be readied.