What is the alternative? Herr Stresemann can alone answer that question. It is not yet clear what he means to do. Perhaps he is feeling his way to a decision.
London, August 27th, 1923.
FOOTNOTES:
[8] London, August 27th, 1923.
[9] The Cannes Conference, January, 1922.
XXI THE BRITISH DEBT TO AMERICA
As I roll homeward along the coast of Spain a wireless message announces that the British government have accepted the American debt terms.
The details which I have received are not sufficient to enable me to form an opinion regarding the character of those terms, or their bearing on Allied indebtedness to Britain as to the terms of payment. I know nothing of the steps taken by Mr. Baldwin and the government of which he is a member to make this the first step in an all-round settlement of inter-Allied debts. That is a matter of infinite moment to us, and I assume that this is somewhere—and effectively—in the arrangement.