BRITAIN'S HIGH CREDIT.
DEBTS ON BEHALF OF OTHERS. LONDON, July 21. The Chancellor of the Exchequer, Sir Robert Home, addressing the Lord Mayor's banquet to bankers and merchants, discussed British stability. "All we owe outside our own country," he said, "has been incurred on behalf of others. We will not avoid those obligations. That is the reason we have done more to meet our obligations out of revenue than any other country. Therefore, our credit stands so high. "No one can deny that this country is steadier to-day than immediately after the Armistice. The Communist creed no longer appeals to any great British Labour organisation. Financially we are in a far sounder position than three years ago. You have only to go to the conferences with other nations to realise the proud position in which this country stands to-day."—(A. and N.Z. Cable.)
Permanent link to this item
https://paperspast.natlib.govt.nz/newspapers/AS19220722.2.77
Bibliographic details
Auckland Star, Volume LIII, Issue 172, 22 July 1922, Page 7
Word Count
142BRITAIN'S HIGH CREDIT. Auckland Star, Volume LIII, Issue 172, 22 July 1922, Page 7
Using This Item
Stuff Ltd is the copyright owner for the Auckland Star. You can reproduce in-copyright material from this newspaper for non-commercial use under a Creative Commons BY-NC-SA 3.0 New Zealand licence. This newspaper is not available for commercial use without the consent of Stuff Ltd. For advice on reproduction of out-of-copyright material from this newspaper, please refer to the Copyright guide.
Acknowledgements
This newspaper was digitised in partnership with Auckland Libraries.