WAR’S AFTERMATH.
SLOW FINANCIAL RECOVERY. PAYMENT OF NATIONAL OBIGATIONS. BY CABLE—PRESS ASSOCIATION—COPYRIGHT. LONDON, Nov. 17. Sir John Bradbury, principal British representative on the Reparations Commission, as the guest of the Authors Club, discussed the financial aftermath of the war. In his opinion the. present tangle in which the world was involved was more financial than economic. “Recovery is slow because money is at the bottom of the existing evils,” he said. “The real problem before the world is to get its people • to work again. This is a financial problem. The internal debt problem will be solved when the rentier feasts on his own tail and realises that it is the only diet he will get. With regard to international obligations, it should he realised that the mischief they have already done is appalling, and the test of the Dawes plan is still to come. It may prove impossible to transfer international debts on a large scale.” Mr Fairbairn, in replying on behalf of the Dominions, made a spirited, appeal for loans to the Dominions to have preference over foreign countries to enable the Dominions to build up the Empire.
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Hawera Star, Volume XLV, 18 November 1925, Page 5
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190WAR’S AFTERMATH. Hawera Star, Volume XLV, 18 November 1925, Page 5
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