BRITAIN’S POLICY DEFINED

Hawera Star, Volume XLVIII, 7 January 1925, Page 5

BRITAIN’S POLICY DEFINED

TREATMENT OF AMERICA,

BY CABLE—PEESS ASSOCIATION—COPYEIGHT, LONDON, Jan. 6.

Cabinet met preliminarily to tlie Paris conference on Wednesday, when the Allied >Ministers for Finance will asseniDie for the first time since 1923. Mr. Winston Churchill (Chancellor of the Exchequer), who crosses the Channel to-day, reviewed the Treasury attitude at length regarding the two most prominent subjects to be considered at the conference, including, firstly, tlie allocation of the proceeds of the Ruhr occupation and the annuities aris’ug under the Dawes scheme; and, secondly, the American claim for participation in the annuities in order to cover war damage. Apart from these subjects it is understood Mr. Churchill will unofficially discuss with M. Clementel (the French Minister for Finance) the question of Allied debts, which is regarded as eclipsing in importance the questions on the official agenda. The diplomatic correspondent of the Daily Telegraph says Mr. Churchill has been assured of Cabinet’s full support for the debt policy, concerning which most importance qttaclies to the Government’s decision that Britain must reserve the right of requiring possibly different terms for funding Allied debts to this country from those applied to funding debts to America.