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.)
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Auckland Star, Volume LIII, Issue 172, 22 July 1922, Page 7
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142BRITAIN'S HIGH CREDIT. Auckland Star, Volume LIII, Issue 172, 22 July 1922, Page 7
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