LOANS FOR ARMAMENTS
[To the Editor of THE SPECTATOR.]
SIR,—You speak of Germany's commercial debt of 40 millions to this country as " continuing " to be used to finance rearma- ment, and of the fact—if it is one—as " distasteful." But is it less distasteful that France should have used the loans made to her last year in assisting Poland to arm, and that the new loan recently made to her will enable Czechoslovakia to arm her allies of the Little Entente ? Is it possible that the people of this country, whose wish for peace is so strong and sincere, understand how these loans abroad are employed, and will not The Spectator take up the moral side of the question ?- [The plain fact is that Germany's rearmament is setting the pace for everyone else. No one believes that Poland or France or Czechoslovakia contemplates the use of armaments for any aggressive purpose. " The people of this country " would be slow to declare themselves assured of that in the case of Germany.—En. The Spectator.]
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