BRITISH POLICY
RESTORE GERMANY FIRST.
LONDON, sth February. Sir Philip Hoyd-Graeirle, President of the Board of Trade, in a speech at Stoke-on-Trent, said the Government's first consideration regarding/ the Ruhr %va3 to secure a final settlement. If Germany Was to pay even interest on her debts it was essential that her credit should be restored.
Secondly, there should be a moratorium, and stabilisation of the mark.
There was ?iothing further from the dtrtlih than that the whole matter waa to he left to Germany's discretion. The British proposals held out a strong prospect of the- trade revival which was so necessary to Germany. The British proposul was to create in Germany a. strong financial commission which would dictate to Germany necessary conditions. 12 Germany failed to obey the commission's instructions, or to pay its demands, most stringent punitive measures would be taken, either by territorial occupation or the collection of revenues.
Regarding the French action, the only hope was that the effects might be localfeed, and that the mutual relations be' tween Britain and France would be afieefced as little as possible.
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Bibliographic details
Evening Post, Volume CV, Issue 32, 7 February 1923, Page 5
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182BRITISH POLICY Evening Post, Volume CV, Issue 32, 7 February 1923, Page 5
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