BRITAIN'S DEBTS
FURTHER EXPLANATION (Australian and N.Z. Cablo Association.' (Received March 23, 2 p.m.) Pealing further with Britain's debt receipts, .Mr. Winston Churchill said that even if tlif. full Dawes payments were received yearly for 60 years' the receipts from reparations and wax\debts would be insufficient, on the basis of present values, to cover the payments to America, including those made before she received anything from the debts.
Commander O. D. Burnley asked would 'the Chancellor see that these facts were communicated to all nations in order to overtake the misleading statements made by Mr. Mellon. Mr. Churchill said he did not want to assume that Mr. Mellon's statements were misleading until lie receiyed the actual report. When he did so he would make a statement to show exactly where any divergence occurred.
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Bibliographic details
Poverty Bay Herald, Volume LIII, Issue 16297, 23 March 1927, Page 11
Word Count
133BRITAIN'S DEBTS Poverty Bay Herald, Volume LIII, Issue 16297, 23 March 1927, Page 11
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