BRITAIN AND AMERICA.

Hawera & Normanby Star, Volume XLII, Issue XLII, 16 October 1922, Page 5

BRITAIN AND AMERICA.

MOST CORDIAL RELATIONS.

U.S.A. FULLY APPRECIATES EUROPE'S CONDITION.

J BY CABMS—PRESS ASSOCIATION—COPYRIGHT Receved Oct. 16, 9.50 a.m. LONDON, Oct. 15. Mr. Reginald „McKenna, on his arrival Jrom America, said that AngloAmerican relations had never beer more cordial than to-day. America fully appreciated the effects oi Europe's distressed condition upon hei own trade and finance, but she thought that the European Governments must reform themselves as a condition of American assistance: It was not true that the collapse of the mark could have been avoided by firmer methods by the German Government. The latter could not be blamed. It had to sell marks in order to make external payments and such selling inevitably reduced the price of marks.—-Aus.-N Z Cable Assn.