IF THE DEBTORS PAID UP.
Britain’s Position Explained ex-chancellor attacks FRANCE. By Gable—Press Association —Copyright Australian and N.Z. Cable Association. (Received March 35, 10.10 p.m.) LONDON, March 24. In the House of Commons, during (lie debate on tlio second reading ol the Consolidated Fund Bill, Mi Philip Snowden drew attention to outstanding inter-Allied debts, the payment ol' which would relieve the Chancellor of all embarrassment. There was owing to Britain £2,100,000,000, including £800,000,000 from Russia.
“If we could fund theso claims on the same terms as our Amorican debt;” Mr Snowden stated, “we would be receiving £84,000,000 compared with the £38,000)000 we arc paying the. United States, leaving a balance equal to lid in the £ income tax.”
Turning to France, Mr Snowden vigorously thumped the despatch box and declared that France’s financial record, particularly during the Inst seven years, was one of the most discreditable in the history of national finance. She never attempted to tax her people in order to meet her obligations. She could well afford to pav in full.
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Timaru Herald, Volume CXXIII, 26 March 1926, Page 9
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172IF THE DEBTORS PAID UP. Timaru Herald, Volume CXXIII, 26 March 1926, Page 9
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