PAYING AMERICA
LORD LOTHIAN’S SPEECH CRITICISED REFERENCE ONLY TO DOLLAR SECURITIES. ERRONEOUS IMPRESSION CONVEYED. (By Telegraph—Press Association—Copyright) (Received This Day, 12.50 p.m.) LONDON, November 24. The “Sunday Dispatch” says it communicated with the Ministry of Information in reference to Lord Lothian’s reported statement that Britain was beginning to come to the end of her financial resources. Some hours later a statement was issued, pointing out that the financial resources which the Ambassador said were coming to an end, are “available gold and securities,” as he made it clear. The “Sunday Dispatch” proceeds: “Britain has to pay cash in advance for all munitions sold by the United States. This arrangement is one which no business concern, even the most flourishing, could carry on indefinitely, but Lord Lothian chose to launch this extraordinary phrase on the world when very great issues are being settled in the Balkans. The phrase will chill the Greeks, dismay Turkey, and be seized on by German propagandists. It will be clear to all who understand the position that Lord Lothian intended to refer to our dollar resources, but the phrase, without that important reservation. was cabled throughout the world.”
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Wairarapa Times-Age, 25 November 1940, Page 6
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192PAYING AMERICA Wairarapa Times-Age, 25 November 1940, Page 6
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