WORLD'S WAR DEBT.
A REMARKABLE PROPOSAL. (By J OaMe—Press Association— Copyright.) (Australian and N.S Caol« Association,) GENEVA, September 9. M. Henri Lafontaine (Belgium) made a remarkable proposal to the League of Nations Assembly, and one which he himself characterised as audacious. He said that the world was suffering from an enormous debt, a year's interest of which at 5 per cent, was sixtyone milliards of francs, and. of which only 11 per cent, was pre-war debt. It was not right that those who lost the most should be the sufferers, while the neutrals became richer. He wanted the whole debt to become a debt of the League of Nations, with the creation of international markets.
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Press, Volume LVII, Issue 17248, 12 September 1921, Page 7
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115WORLD'S WAR DEBT. Press, Volume LVII, Issue 17248, 12 September 1921, Page 7
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