ONUS ON EUROPE

Northern Advocate, 19 December 1922, Page 5

ONUS ON EUROPE

INTERNAL REFORM FIRST

AMERICAN ATTITUDE. . j ! CONGRESS ACTION UNCERTAIN". (Received 9.5 a.m.) NEW YORK, December 17. The New York "Times' " Washington correspondent says that the situation concerning American help in Europe becomes delicate. Officials deprecate the publicity which has been given to recent Jrints concerning the Administration's plans and now discount the speculation on what the United States is doing. Senator Borah, who leads the irreconcilable element in the Senate, made a statement to the effect that patois diplomacy was not sufficient for the present situation'. Sound business policy only, combined with sheer humanity, can command the necessary confidence, and Europe must put her own house in order along lines of combating militarism, imperialism and various injustices before she can expect American help. It is pointed out that the Congress, without which the administration can do little, if anything, is an uncertain quantity in the present affairs* —A. and N.Z.

BRITAIN UNINFORMED. CAUTIOUS AND SCEPTICAL. LONDON, December 16. In consequence of reports thafi American bankers propose raising a large loan on behalf of Germany with the co-operation of the United States Government,' some importance is attached to the departure for Washington of Colonel G. Harvey, American Ambassador to Britain, after consultation in London with the American Ambassadors at Paris and Berlin. The British Government is without j official information regarding the American loan and the American' proposal to summon an economic confer* ence of the chief countries of the world. The British official attitude is cautious and •even sceptical regarding the .American reports in view of the fact that a loan to Germany would be a hazardous speculation until Germany stabilises the mark. There is also the difficulty of Germany givingadequate guarantees for repayment of the loan while the Allies under the Yeersailles Treaty are able to seize German customs and other revenues to enforce payment of reparations. Exchange on Berlin is quoted at 29,500 marks to the pound as against 33,000 yesterday 1 The imprdvement is attributed to the report of American interest in the restoration of the mark. —A. and N.Z.