WORLD BREAKDOWN IN TWO MONTHS
(Press Assn.-
BLACK OUTLOOK "GLOOMY DEAN" OF ECONOMICS SEES INEVITABLE CRASH COMING TARIFFS THE FINAL CAUSE
-By Telegraph — Copyright).
LONDON, Wednesday. "If my information is cqrrect nothing can prevent a world break-down within two months," said Sir George Paish, Governor of the London School of Economics, at Manchester. "Anierica's situation is infinitely graver than Great Britain's, and French conditions are exceedingly grave. We must call the nations together and consider the position. "Reparations should be abolished or reduced to such an extent that nobody would mind them. Inter-Allied debts should be abolished, and America should forgive £50,000,000 due yearly from debts. The world's tariffs must eome down. Ameriea's tariff policy deliberately drove the world to bankruptcy as far as she was concerned. Now Great Britain has introduced a tariff preventing debtors from paying and making world bankruptcy absolutely inevitable. Her policy is the greatest folly conceivable." •
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Bibliographic details
Rotorua Morning Post, Volume 1, Issue 94, 11 December 1931, Page 5
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151WORLD BREAKDOWN IN TWO MONTHS Rotorua Morning Post, Volume 1, Issue 94, 11 December 1931, Page 5
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