British Commonwealth of Nations: Italy's Debt

COMMONWEALTH (British Commonwealth of Nations)

A serious debtor and a smiling creditor—Count Giusseppi Volpi, Finance Minister of Italy and the Rt. Hon. Winston Leonard Spencer Churchill. Chancellor of the British Exchequer. A sleek, bearded Latin and an expansive, rubicund Briton. The most powerful self-made Italian industrialist, and the most genial onetime First Sea Lord of the British Admiralty. Such were the two completely antithetical statesmen who sat down to dicker over a settlement of the Anglo-Italian debt, in London, last week. What they said to each other naturally remained a diplomatic secret....