23 APRIL 1927, Page 2

The Bishop of Gibraltar has written a letter to the

Times pointing how much injury is being done all over Europe to the reputation of Great Britain by Mr. Mellon's erroneous statement that the British debt to the United States is more than covered by what Great Britain receives from Germany. Naturally Great Britain is again being picked out for the part of Shy lock. It is worth while to repeat the facts. All that we collect from our European debtors we pass on to the United States. In no circumstances, according to the Balfour Declaration, can we retain any excess over what we pay to the United States. This year our receipts from Germany amounted to one-third of what we pay to America. Even if German reparations and contributions by Ally debtors are paid regularly to us for sixty years, they will not equal the amount we are pledged to pay to America. Mr. Churchill has stated all this recently in the House of Commons, but the answer seems to he incapable of overtaking the accusation.

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