POLICY OF FRANCE
(Press. Assn.-
will- sacrifice- nq creftlts withoui; • cqrres^qnding debt remission PRIME MINISTER'S STATEMENT
— By Telegraph— Copyrlglit).
PARiSj Tuesday. ' The declaration of the Prihie ,Minister, M. ;L'aval, marjkirig theagpearance of the new Ministry, asserted that the cancellation of war debts and reparatiohs was a panacea without penitence, emanating from imaginative theorists who had not faced the facts. France would not accept pi'oposals which were inadeqil'ate tb solve the crisis and which str,uck at her essential interests and rights. She had to fulfil the duty of probity towards the generation surviving the war and she would sacrifice no credit without a corresponding remission of her pwn debts. She had also the duty of prudence towards futufe generations by subordinating agreement to a just balancing of the conditions of production. . The existence of such balance would be broken if, after tlie crisis, disproportiohate fiscal financial burdens handicapped France in international competijfcion. France's policy was as defiried in the memorandum of July 15.
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Bibliographic details
Rotorua Morning Post, Volume 1, Issue 127, 21 January 1932, Page 5
Word Count
162POLICY OF FRANCE Rotorua Morning Post, Volume 1, Issue 127, 21 January 1932, Page 5
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