CRIPPLED EUROPE

Taranaki Daily News, 7 February 1920, Page 7

CRIPPLED EUROPE

HELP OF OTHER NATIONS.

ASSISTANCE FROM BRITAIN. By Telegraph,—Press Assn.—Copyright. Received Feb. C, 7.15 p.m. New York, Feb.'s. The London correspondent of the New York Sun interviewed Mr. Reginald McKenna (formerly Chancellor of the Exchequer), who said America is right in refusing to lend money to Governments which have not put their own house in order. England will prove sin is willing to do lier share in restoring industrial life where it has collapsed in Europe. Continuing, Mr. McKenna said: "I am strongly in accord with Mr. Glass' statement. It is the imperative duty of the Governments of the world to limit their expenditures to their incomes from taxation. There would not be an adverse British, balance of trade if England were not selling goods on credit in order to help to restore Europe. "Britain's output is very good, and the labor situation in Britain is less threatening than in any of the leading countries of the world. There is no ground for fear of any decline in Britain's mercantile marine power. Competition in trade between England and the United States exists, but it is only friendly com-petition."—Aus.-N.Z. Cable Assn.