BRITISH DEFENCE BILL
TEXT ISSUED. OPPOSITION MOTION. Against Financing Scheme by Loan. (British. Official Wireless.) Rugby, Feb,. 23. The Government has issued the text of the Defence Bill providing powers to the Treasury to issue sums not exceeding £400,000,000. The second reading of the Bill will be debated on Thursday. The Opposition has tabled a motion for rejection in the following terms: “That it views with misgiving the massing of huge competitive national armaments without any constructive foreign policy based upon collective security under the League of Nations, and is opposed to financing defence expenditure by loan.”. It accordingly declines to proceed with the bill which will “weaken national credit, raise prices and depress the standard of living of the people.” Moheovxer, “It is unaccompanied by any effective measures to prevent profiteering or to co-ordinate the defence forces.”
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Taranaki Central Press, Volume IV, Issue 369, 25 February 1937, Page 5
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138BRITISH DEFENCE BILL Taranaki Central Press, Volume IV, Issue 369, 25 February 1937, Page 5
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