BANKRUPTCY AHEAD.
EUROPE’S COURSE OF FINANCE WAR BURDENS MUST STOP. By Telegraph.—Press Assn.—Copyright. Received Feb. 27, 5.5 p.m. London, Feb. 26. Mr. Henry Bell, director of Lloyd’s Bank, who took part in the international financial conference in Brussels, states that Europe will inevitably reach a state of bankruptcy unless the warlike expenditure is reduced. Economic rehabilitation is impossible until this has soaked into the minds of the people. It was a curious paradox that Germany and Austria were being saved this economic waste. The Allies virtually said to them: “You must not spend money on war preparations; we will spend it.”—Aus.-N.Z. Cable Assn.
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Taranaki Daily News, 28 February 1921, Page 5
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103BANKRUPTCY AHEAD. Taranaki Daily News, 28 February 1921, Page 5
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