AMERICA AND WAR DEBTS.

Auckland Star, Volume LIII, Issue 227, 25 September 1922, Page 4

AMERICA AND WAR DEBTS.

\ lIS. MARK YOUNG'S PROPOSAL. i I PAX-PACTFTC CONFERENCE DELEGATE. i i ' I Going to Honolulu to represent the ' ! f'onmin.'vwe.i.'tH Bank of Australia at ths * Commercial Conference of the Pati-Pan- •* i fie Union is Mr. Mark young, one of 5 jthe through on the Makura ' which arrived this, mcrninz frcm Sydney. f The Union is en American ioVa to pror mote better .relations among t.he people '' boHerintr on tlie Pacific. Tt will be re- > membered t~n.it there was re ently he3d 1 a Press Confercn:-e under tire auspices P of the Pan-Pacific I'nion. At the forth- ; coming Cornnwcinl Conference the subjects that are coming ii.*i include com- " mimioation and transport, with special •rciferetK*e to cable rates, development i and conservation of n:ttura.l resources, 1 fin-tince and investments, and inter- * nation relations in tlie Pan-Pacific area. . Mr. Young is to read a paper before th« - conference on the 'history of banking In ' Aus-tralia. ' Refcrrimg to Mr. Young's departure from Australia, "Bank Notes." a baitk-i-H_r journal, spoke of a matter upon which he has written on several occasions, a matter which affects the w(bole Empire—the burden of the war debts. Mr. Young 'holds nhat the victory over Prassianism was equally valuable to America as well as to tbe otfheT Allies, and therefore every one of the AttUa should beiar its proportion of the totail costs of the war. His siigarestion is that 1 America should contribute towards the ' cost of the war since 1914, aWhough sh« 1 did not actually come into it until some : velars later. As a>ll suffered tihe same * danger, so tfli-ey should all bear the cc«t of victory, says Mr. Young. As a basis 1 of settlement Mr. Young suggests that 1 tihe AMies should strike a general ave>r- ' age cm lines similar to those followed ' wflien a vessel is damaged.