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The New Zealand Railways Magazine, Volume 5, Issue 7 (December 1, 1930)

Debts and Armaments

Debts and Armaments.

Not less interesting than the expressions of the Washington correspondent of The Times is a subsequent presentation of the French standpoint by the Paris “special” of the Daily Express, who says that France apprehends that the United States will not grant her a moratorium without attaching a condition that money not paid to U.S.A. must not be expended on French armaments. Thus a pull on the economic string sets in motion the disarmament Punch and Judy. French armaments hinge on Italian, and the whole Geneva problem reappears. Italy is not one of the fully employed countries —far from it. And the Italian excess of births over deaths for the first nine months of 1930 was 388,394, compared with 266,282 in the corresponding period of 1929.