1922-09-09 — Page 3

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THE WAY TO PEACE."

Viscount Grey on War Debts. Viscount Grey of Halalan, who was scrompanied by Lady ¡ Greytrecentis a lipessed & langes il-attended bend meeting in

Newcastle.

But the reparations question is France, or the credit we pledged not the only one paraising the to France, was lent and pledged. economic and dancal recovery, not for purely French purposes, also the bat. help France to do her of Europe. Tusze 1- question of the debts the Allies ove sa ach other, and the debt to the fate: which

Ja ir as the l'oite States States are confirmed, the "rited States unfortunately found the

W

amnar in the common CAUT she put all the men and wealth she had into the cause, and we, put in all the men we had ant the credits we hid, and that is the way these debts arɔ̃ae,"

All I want to way is this. :! will be a great inistake. I think a vital mistake, if the French and, British. Governmenia. Atleap! discuss the question of repara-,

withon: also disssing the stion of inter-Allied debt. The Im has come when thes- wo questions must be "taken to other, and just as I hara bien - critical to the action of the (wetnment when I thought they were working at the wrong end,

1. To the evursa af y tugthy League of Nations a question of who was donestir palifies and party speech, his landstip.

politiek in the United States. We entiousiastic ale reserved, sait:

mine the bowathiness can-bave zokhingto do with thate we of the fact satility of ar Prime Ministers can este take : the cause of the stiffness and and the result has been that the railty of the French policy, or American Government is not w whether the stiffiess and rigidity member the League of Nations. of the French poles is the cans. cienos, I think, poi American co for the word Bitty of Mr. Llord opervion farther off because the Mienza, is not propose to ex. Americans did not believe we Amine. But the feed is that, for were working on mant hoes. sene Bede dure past, both the Disagreements between France British and Fren Gwernments and Great Bhuain have al-o

I would like to say. so far as s been przed in speaking made the comperatim of the Iwan julge public opinion, that the truth to each other, from tim United States less lik-lp, because

when the Government begin to a the bat each saying to the they do not think that we are yet tackle the question at the right Cooner the truth which they know tackling our Bdropean probi-m

ed-ths of reparations and in- is the last agreeship for each in the way it ought to be tackled, rallied dehis-I believe that The French Gov. and if they do not think we are whatever length they may go in Cather to hear.

-rent toll our Government, helping ourselves, they are not using the question of debt i while the fienda Conterence was kely to be disposed to help us.

gunerous way as a lever to get a going on, that the policy of I believe if Europe would pullis ttlement of the whole queston, porening an agreement with the itself together and really tackle or will base the support of the Bolshevists was a mistake, and these difficcis questions, and the entry behind them. (Cheers.)

mate the supporters of thei'nited States saw us proceeding I do believe if we Government very angry But it on scond lines, they would will quration of reparations and inter- me pertently tr

ogly, in their own way, and at Allied debis settled, this country In the same way, it is perfectl

heir own time, help in the econo.! would not make any party capital that the reparation- question

no recovery of Europe. But for nu of the settlement the Gorern. must be dealt with in a broader.

I bay mak: a he present they are outside. Welment male. spit than hitherto, if it is to h

wes great deal of money to the xenerous settlement, and make led. But whenever we #bited States, and if we cannos crifices, and zive up thing. I that to the French, though it may d The true, they got nosturally dey at the moment, we ought to believe the public opinion of the ell them so. But if we can pay country will be right in saying. We are not going to look upon as I believe we cin-the sooner ve come to a business-like ar. this as a purely business, trans- angemant for making payments action

We believe that if the

not like it. They say.

** It wa*: zo kazish at the election of +1918, who talked about making ermany pay the whole cost of the war and about searching (their pockets for the last farthing and now, when we in Franc cannot get paid even for the iamage done to cur devastated restions, which you have not go in England, you came to us, and way it is the French-who push

what it can do for itself.

-

this

he hotter, and put that question reparations and inter-Allied debts na purely business footing and are not settled our trade will go ceep it apart from every other 2 suffering, and perhaps get ustion, and then let Europe wee worse, and the finances of Europe will get worse, and that anything which gets these questions out of the way, and puts Europe on its feet again, removes the paralysia which is hanging over it at the present moment. However, is the most importan: If we broad and generous the lines may

Then there is the question of the money owed to us by half drance, and Belgium. I will take

to make the sacrifice."" Thatrance as an illustration, becausa naturally does not create a good

בות!

feeling, and it is not getting kad France to pay to-morrow; be on which this settlement i race would say she would not made, it will be a cheap settle farther forward. But we get farther forward. and they becsuse Germany was not ment, and well worth having." other day there was a bankers' committee in Paris at which the Americans were represented.

ing her, and if we were to (Cheers.)

Somebody told me the other day ind make France pay that debt o-morrow, it would merely mean they had beard it said of me. "Ob. not the American Government, bat France would press Ger- Grey's no good. He has spoken in nany, Germany would go bank favour of a pact with France," I but the American banking in- Fterests were represented by app, and we should have final would like to read to you exsctly distinguished American banker, al call pse and still greater dis what I said it was it: January showing that America is quite tress in Europe than we have last-about a pact with France OW. As long as the questions I laid down two conditions. They disposed to cooperate if only

what of reparations and the debts be were these. If it is to ba defen. Europe will proceed on America believer to be sound reen European Allies remain sive agreement, which is the only lines. The bankers committee, insettled, you will have that agreement we can possibly think having considered the situation,ancial paralysis hanging over of, let it be ad agreement which came to the conclusion that if Zurope. It will prevent any 16-is going to be communicated to Germany was to pay cash for recovery, and you will have more the Council of the League of Na parations she must have an in-than that, because you will bare tions and be fally in accord with ternational loan, but that she always the risk and the fear that the spirit of the League of Na could not get as international if the reparations question is net tions. The second condition will loan unless the question of re-settled. France may take strong be this. Let it be so drawn that was brought within action on her own account, which though it is between France and manageable limits, so that Ger will create political disturbances ourselves, as I think it would be, many might bare security to Europe, as well as financial that it should not be exclusively facts disturbances. Until these tw between those two, but should be That was true, the facts being questions are settled there will be able to be extended so that later stated from the bankers' com no recovery.

peace-loving nations who may mittee. If there is to be cash I would like to see these interbe concerned may be able to come from Germany, she must have an Allied debts regarded not asinto in it. international loan, and the money lent by different countri, « bankera committee did great to each other in the ordinary sarvice by bringing out the facts, course of business, but as contri- Land showing that Germany cao-bations made by each coetry Got pay cash with the reparations to a common cause, that of cars question left in its present can-İrying on the war, add saving dition

parations

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