FRENCH WAR DEBTS.

Auckland Star, Volume LVI, Issue 199, 24 August 1925, Page 7

FRENCH WAR DEBTS.

AN IDEALIST COMMENT. LONDON, August 23. Writing in the "Observer" the editor. Mr. J. L. Garvin, ?ays lie hopes a settlement of thp French debt question will be reached this week. ■France must then face the ordeal at Washington." Rays the writer. ""America's 60 years' liquidation will be broadly arranged and European countries will know where they stand. We are sure will be one consequence in view of the lone-extended vista of liabilities. Future statesmen of Britain. France and Germany, not excluding tho<o of Belgium and Italy, will >be forced into a system of economic cooperation which will extend to tHe colonial sphere. "That will be one means of solving the problem of European reconciliation and security. All countries will be forced to develop their internal resources to the utmost and to develop their sources of supply of raw materials. The more they have to pay to America the less can they afford to buy from her. "We believe that within 20 years one of the eternal paradoxes of history will reveal itself, and that the compulsion to send remittances to America will do more to promote a unity of power and wealth in Europe than the League of Nations." —(A. and X.Z.—Tteuter.)