Cancellation of War Debts

Poverty Bay Herald, Volume LIX, Issue 17953, 3 December 1932, Page 9

Cancellation of War Debts

THE cancellation ,of all inter-AJlied war debts is urged in “Wo Have Paid Enough!—Europe’s Message to America," in which the question is critically, examined by Professor T. Cl. Tucker ’(Australia), Sisley Huddlestone (English), Frederick W. Peabody (American), Edward Cavendish (English), Pierre Marquet (French), Frederick E. Coe and William Jamieson (English), Louis Marin (French), Henry Bourne Joy (American), Lystor Cole Baker (English), and Gerald' O’Ryan (American.) “TJntil recently," says Mr. Coe in a preface, “it has been the order of the da'y in this country to print little that f was severely critical of the U.S. war debt policy. The unfairness of our burdens was only to be gently discussed. A spade was not to bo called a spado, Wo were expected to grin and bear; to continue to grin and bear; to trust to America’s generosity and all would come right in God’s good time. Now, at the end of nine years and after paying jn respect of tho original funded debt of £fifi,ooo,ooo a total of £270,000,000, the greater part of which is interest, with only a trifling re- , Auction of tho capital amount, wo are, waking from our dreams to a world of , grim reality. " j 'ln powerful pleas for cancellation, ite-.writers,of -this most illuminating 1

book consider that there will be no real peace in Europe until tho war debts are sponged off the slate. (Angus and Robertson.)