Show I I BRITONS 1 THINK I II I I IU U S 8 BORE DOWN I i TOO STRONGLY Finance Outlook Gloomy I Italy Can Get No Favors I England Is getting tired or of orI I bearing tho ho financial burdens or of I her neighbors as she has haa done for seven years ears With Ith the British treasury facing racing a deficit due duc I largely to the nations nation's I philan philanthropy toward France Iranee and Ital Italy I A G Gardiner In his hie dispatch today says ann that Count Volpi Is I not likely to be as successful In his forthcoming debt negotiations InI I In Washington London as ns he w was In Washing Washing- ton He hints too that the tax tax tax- burdened tax English people arc are com coin coinIng coming 1 ing to believe that the tho United States Stales drove a hard bargain with I Baldwin nv DY Y A G i Britain's Greatest 10 I Liberal Editor I Special Radio Badio Dispatch to Standard Examiner J Copyright 1920 by The Consoli Consoli- Consolidated dated Press Association part departure LONDON Jan The 9 9 The d depart depart- varl Ure of ot M 01 Berenger the rench envoy oy to Washington to arrange a settlement of ot the Iho French debt I imminent to the United States and the im- im visit of Count Volpi the I Italian finance minister to Lon Lon- London London don to negotiate funding the I Italian debt to Great Britain re- re re revives vives vices the interminable question I VIen ben Is the British taxpayer to tobe tobe be relieved of or the tho burden burden of or pay pay- payI pay I 1 paying ing other peoples people's debts I The question Is more urgent In view of or the gloomy gloom financial I outlook Winston Chur Churchill hlll chan chancellor of ot the tho exchequer now s engaged In preparation of ot a 1 new budget under depressing condi condl- conditions conditions I tiona The last year has not nol no witnessed wit wit- witnessed It substantial P improvement In Inthe I tho trade of ot the tho country and the I unemployed still number over a million chiefly in the basic In- In Industries Industries In Industries of the country BONUS BOXes BIG RIG LOAn LOAD Moreover r the 1 bonus to the thc coal trade has hRs add added 1 I to Mr Churchill's perplexities and so far from the public looking andI I for relief from the crushing bur bur- burden bur burden den of ot taxation which Is the chief muse cause of the trade depression there Is tear fear that the chancellor will be faced with a heavy y def det- deficit and need of another twin screw taxation In these circumstances contin contin- continuance continuance of ot failure to extract any satisfaction from Crom continental d bt- bt ors bt-ors ors while white the country IS l fulfilling the full obligations to America I II contracted on their behalf Is an Intolerable Injustice Since Sinca the of or Joseph to London I last summer and the agreement to accept the modest terms or of I pounds pounds sterling annual annual- I ly annually nothing has happened and nothing looks like happening GOES GOIS ON OX I rAYING PAYING The British taxpayer goes on paying the debts of ot French tax tax- taxpayers taxpayers payers and the French franc goe goes I Ion I Ion Ion on falling failing And until the French I discover Or that It Is better business I to 10 establish honor your liabilities and lish your credit It will 1 go 1 on falling The longer the French refuse to pay In taxation the more hey depreciation will pay In capital tion As to Italy there Is no disposition tion here to accept the terms whIch America has hils conceded to that country as a precedent tor for a British settlement The British treasury will expect not less than an aera average annual payment ot of seven million pounds sterling Italy has lIas a surplus while her creditor Is la in Imminent danger dangers herI I or of a deficit largely owing to the fact that for seven se years she has been paying Interest on the Ital Ital- Italian Italian ian and French debts Moreover It Is la pointed out that the financial con condition of or the country in comparison with that or of America Is la such euch as to make the American precedent Irrelevant irrelevant Irrelevant vant Much luch criticism of ot Prime Minister Stanley Baldwin as the theauthor theauthor theauthor author of or a premature settlement with the United States still till pre pre- prevails pre prevails vails alls and It argued that events have ha Justified those who Insisted that a square deal all around In regard to the war debts of or the allies was the only Just policy to pursue It If that course had been taken not only would It have been to the advantage of or England but I France Fral faced raced with the responsibility of or meeting liabilities would have set her house In order and would not have drifted Into Inlo the deplorable morass In which she now Is floundering England has been largel largely sub Sub- Submerged submerged submerged merged by a an an extraordinary deluge with which the new year engulfed western Europe All the I great real river systems of the be country have burst their boundaries The I Thames In places Is three miles wide the till Severn Se and Stratford Stratford Avon Avon valleys alleys have suffered al- al almost al almost most unprecedented floods Dwellers on lying low lever level have lived In water for or a week I and race meetings football 11 matches and similar events have been drowned out man many sporting grounds hav have become lakes The volume of or the Thames Is fe three I times above normal and the level or of the river rose BO 50 Inches above the summer record I There Is much discussion In Inthe inthe Inthe the cricket et world over the der de- decision de decision cislon of ot the Australian n executive not to allow members of or the Aus Aus- Australian I teats to be accompanied by their wives on the tha coming Enl English lIsh tour En English lIsh critics generall generally ask why the Australians should be bemore bemore bemore more unnerved unnered by their spouses than they would be at III horn home They point out that Hobb Ih the greatest te t English batsman hUsman Was accompanied b by his wife wire In iii the English tour lour of or Australia last winter and that he 11 hi never n played ed better cricket In his life |