Letters, Sep. 5, 1932

English Answer

Sirs: Permit me, as an Englishman, to reply to the letters regarding War Debts, in your issue of Aug. 22. My remarks have no application to the debts due other than by England to America. I know of only two methods of paying debts: viz. by gold or by goods (including services). The latter method has been extended by some of your correspondents to include land. England cannot pay in gold, because her gold supplies are negligible. Mr. Andrews accuses TIME, of saying that in 1931 Great Britain produced five-sevenths of the...

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