AN URGENT PROBLEM

Evening Post, Volume CXXX, Issue 127, 25 November 1940, Page 8

AN URGENT PROBLEM

LORD LOTHIAN'S COMMENT

TOUGH YEAR AHEAD

(By Telegraph—Press Association—Copyright.)

NEW YORK, November 22.

The British Ambassador, Lord Lothian, returned from England by air. He said: "Britain's financial problem is urgent. If we are to get through 1941, which we believe will be a tough year, something will have to be done about finances."

He added that he would not attempt to say what form the assistance should take, but munitions, ships, and financial aid were the three things Britain most needed.

Lord Lothian said Britain could continue to pay cash for war materials from the United States for six to twelve months. After that effective aid to Britain must be by credits.

"President Roosevelt's fifty-fifty programme is very fine," he added. "But it is one thing, and the matter of paying is another."

Mr. Hamilton Fish said over the radio that President Koosevelt had neither the will nor the ability to keep the United States out of war. He urged the United States to take over British and French islands in the Western Hemisphere in cancellation of World War debts. Credits should "be extended only after British resources were exhausted.

The new chairman of the Senate Foreign Relations Committee, Senator George, said that the policy of full aid to the democracies would continue under his leadership of the committee.