ROOT OF TROUBLE
DEBTS AND REPARATIONS
LONDON, Thursday. In moving at the annual meeting of the Chamber of Shipping, a resolution supporting the British proposal to cancel war debts and reparations, and urging the Ottawa discussion to keep in mind that the exchange of goods is the basis of international trade, and stressing the desirability of reducing, not increasing trade values, the Hon. Alexander Shaw, in another outstanding speech, emphasised that fact that his motion went to the root of the trouble which was keeping 2,000,000 tons of British shipping idle. He reealled that in previohs wars Great Britain gave free subsidies to her continental friendS ahd had not sought repayment, hut the Great War .instituted a repayahle loan on which to-day's problems rested. Personally he knew that each shelk his battery fired created a gold debt for America.
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Bibliographic details
Rotorua Morning Post, Volume 1, Issue 152, 19 February 1932, Page 5
Word Count
139ROOT OF TROUBLE Rotorua Morning Post, Volume 1, Issue 152, 19 February 1932, Page 5
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