A DISTURBING BUSINESS.

Hawera Star, Volume XLV, 24 June 1925, Page 8

A DISTURBING BUSINESS.

WHAT ENGLAND'S DEBT? PAYMENTS COST AMERICA.

-Mr. J. A. Spender makes ai*a;em arkable statement in. the Weekly; Westminster on the cost- to the : United States of pur repayment of. debt. “lit is,” he says, “a very'disturbing business trying to get A125,00(1.000 per annum of ‘German exports, nii.hlilSliced by fnxports,.distributed among the cr©-di-tor nationis- without injufiLffg their trade. W r e cannot both Hike these goods and make them for Saupselve-s, and, if we don’t- take theiiiJ'thjey will go into jieutral'markets ja.nd jcfiock outour goods. However,'we have .'hit least two or three years to thinkpbbout it. and in the meantime the vdible world will liave. fchje benefit of our. experience ‘iir-ptiy.ing' America. “About that an Americaip’bpian of business fold me last- week tbafi if- was costing liis country about rtfiff.pnO.fldO •a year to get- £30.000,000 out'‘dM Gretafc Hritain,:- the £6.0,000,000, being,; Kmghly the cost of hoarding gold and IWjtintainin.g its price in the world.l»k.jijia-rke.t. Nevertheless. tJio, fact that, wjylure paying causes a warm, glow all'ofter the EngLis'h.-speaking world, and/.the Gernians lpu-st hope that they wjl'lßequire inerit in the .same way. T thftjk it is pretty sale to- say that wi’tiiiin ten -years -from now every credttWif jwil'l be begging every debtor to led hifrp off being; paid.” ' , A