WAR ARMAMENTS
RACE CANNOT LAST. LONDON. May 13. “1 am beginning to see indications of a general recognition among the nations that the race in armaments cannot continue,” said the Chancellor \Mr Neville Chamberlain) at the dinner of the British Bankers’ Association. “1 do not despair of a return to a saner state of things,” he added. ‘‘There are other countries the resources of which are not so abundant and buoyant as ours. “The British Government will do all that it can—earlier, rather than later —to bring this universal rearmament to an end. “It may come to an end that way or by a process of exhaustion.” Discussing suggestions that an economic collapse might follow rearmament, he said : “The place wherein we should most naturally look for ; the source of recovery in the future is international trade. “Although there are threatenißg l clouds, I think that there is a lightening of the situation.” Criticism of the national defence contributions plan, whereby firms’ profits over £2OOO are to be taxed to meet parts of the cost of rearmament, had gone beyond reason and sanity, Mr Chamberlain said. “It is not true that the contributions will impose on industry a burden which it cannot bear. “The distribution of the burden is a complex and most difficult matter.”
Permanent link to this item
https://paperspast.natlib.govt.nz/newspapers/HOG19370515.2.5
Bibliographic details
Hokitika Guardian, 15 May 1937, Page 2
Word Count
215WAR ARMAMENTS Hokitika Guardian, 15 May 1937, Page 2
Using This Item
The Greymouth Evening Star Co Ltd is the copyright owner for the Hokitika Guardian. You can reproduce in-copyright material from this newspaper for non-commercial use under a Creative Commons Attribution-NonCommercial-ShareAlike 4.0 International licence (CC BY-NC-SA 4.0). This newspaper is not available for commercial use without the consent of the Greymouth Evening Star Co Ltd. For advice on reproduction of out-of-copyright material from this newspaper, please refer to the Copyright guide.
Log in