BRITAIN?S CASE

Rotorua Morning Post, Volume 2, Issue 448, 4 February 1933, Page 5

BRITAIN?S CASE

(British OfQcial Wireless)

CLEAR OUTLINE CHANCELLOR SAYS WILL NOT BARGAIN ON DEBTS WORLD PROBLEMS

Rughy, February 2. ' Mr. Neville Chamberlain, the- Cancellor of the Exchequer, in a statement to AmeriCan journalists in London expressed his gratification that Mr. F. D. Roosevelt, the Presidentelect had communicated his views regarding procedure and other preliminary matters connected with the forthcoming negotiations to the British Ambassador (Sir Ronald Lindsay). Britain had no coneeption of bargaining with the United States on debts, as this, in their view, is as much in the interests of the creditors as of the debtor country. Referring to the gold standard, he said that Britain could not go back to it on any parity until she was certain it would work hetter for her than before she went off gold. Among the many canditions to be fulfilled before she could contemplate such return, he mentioned settlements of the debts tho lowering of artificial trade barriers, and progress towards a settlement of pressing world prohlems. On the subject of disarmament the Chancellor expressed the view that if the next few weeks passed without unsettling or disturhing events in Europe, some tangible results might be expected from the disarmament eonference, and such results would be very helpful in the debt negotiations, although he did not admit there was any connection between debts and disarmament.