In declaring for this policy in the House of Commons yesterday, Mr.
Asquith has given the Liberal Party a clear lead. I hope that they will
make it a principal plank in their platform. This is a just and
honourable settlement, satisfactory to sentiment and to expediency.
Those who adopt it unequivocally will find that they have with them the
tide and a favouring wind. But no one must suppose that, even with such
a settlement, any important part of Germany's payments can be
anticipated by a loan. Any small loan that can be raised will be
required for Germany herself, to put her on her legs again, and enable
her to make the necessary annual payments.
THE OUTLOOK FOR NATIONAL FINANCE
BY SIR JOSIAH STAMP, K.B.E., D.SC.
Assistant Secretary Board of Inland Revenue, 1916-19. Member of Royal
Commission on Income Tax, 1919.
Sir Josiah Stamp said:--In discussing the problem of National Finance we
have to decide which problem we mean, viz., the "short period" or the
"long period," for there are distinctly two issues.
Pages:
70
71
72
73
74
75
76
77
78
79
80
81
82
83
84
85
86
87
88
89
90
91
92
93
94