Foreign News: Echo

In London big, grey, international-minded Stanley Melbourne Bruce, Australian High Commissioner, made a reminiscent proposal: World War II debts should be canceled.

Many Britons shared his conviction. Like him, they feared that the debt burden would bring on a U.S.-British trade war, create enmity instead of collaboration. Of Lend-Lease, Bruce said: "How can you frame a balance sheet? . . . There is no currency you can enter in it that represents human lives, human suffering, human sacrifices."

The Times of London applauded: "A notable contribution to the discussion of peace aims."

...

Want the full story?

Subscribe Now

Subscribe
Subscribe

Get TIME the way you want it

  • One Week Digital Pass — $4.99
  • Monthly Pay-As-You-Go DIGITAL ACCESS$2.99
  • One Year ALL ACCESSJust $30!   Best Deal!
    Print Magazine + Digital Edition + Subscriber-only Content on TIME.com

Learn more about the benefits of being a TIME subscriber

If you are already a subscriber sign up — registration is free!