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Show REFUSE TO CAM L INTERALLIED DEBT PROPOSAL BY BRITONS DOES NOT MEET WITH FAVOR ' IN AMERICA. England Proposed Cancellation of All Interallied Debts "In the Interest ofGood Relations Amongst Uj Peoples." Birmingham, England. Tho British government formally proposed n'cntii collation of all Interallied debts, but the proposals wero unacceptable to the American government, said J. Austen Chnmberlnln, chonccllor of tho exchequer, ex-chequer, In n speech to his constituents here on February 4, "To mnke them ngoln," Mr. Chnmberlnln Chnm-berlnln continued, "would be, I think, benenth our dignity, nnd would render us liable to a misconception of our motive." "In making them'," ho ndded, "we sought no national nilvnntnge for ourselves. our-selves. Wo proposed n solution In which wo Bhould liuvo foregone clnlms larger than nny remitted to us, and wo proposed It becauso wo believed It would bo In the Interests of goqd rein-tlons rein-tlons amongst peoples, tho rehabilitation rehabilita-tion of nntlonnl credit und the restifM-tlon restifM-tlon of International trade. "Our great International debt is duo to the obligations wo undertook on behalf be-half of our allies. If wo had had only ourselves to consider wo should hnve been practically free of external debt at tho present time." |