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


Learn more about the benefits of being a TIME subscriber

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