There is a tendency at the moment in France and
Belgium towards a policy of inviting America to cancel all the debts owed to her by the Allies. Naturally, we should be glad if America took the line that the money she advanced was a part of her contribution to the War and that, like the loss of life, it could not be recovered. But America, in the exercise of her perfectly established rights, has not considered this reasonable, and we are thankful to remember that Mr. Bonar Law's Government sent the present Prime Minister to America to declare that we recognized our obligations and had every inten- tion of meeting them. If there is any idea in France or Belgium that Great Britain would join her. Allies in going hat in hand to America and begging her to let us off, the sooner the idea is dismissed the better.
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