Word: rearmaments
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Great Britain, forced to choose between arms and exports, slowed down rearmament (see FOREIGN NEWS). "It is no part of our hopes or wishes," observed Tory President of the Board of Trade Peter Thorneycroft to the American Chamber of Commerce in London, "that the citizens of the U.S. should tax themselves into poverty in order that their country might become the soup kitchen of the Western world. We want to pay our way . . . We ask a fair deal for our exporters . . . free and fair competition with your own producers." It was Thorneycroft's way of saying that high...
...addition to all other U.S. aid to France, which this year amounted to about $1 billion. Parisian hotheads leaked stories to the papers alleging that unless the U.S. paid up, France would 1) go bankrupt and possibly Communist, 2) pull out of Indo-China, 3) forbid German rearmament, 4) haul the U.S. before the NATO Council for welshing on its obligations. Premier Antoine Pinay fumed Gallicly because his budget, which he had promised to balance without increasing taxes, had been worked out on the assumption that the U.S. would fork over. Pinay sent French Ambassador Henri Bonnet to the State...
...dryly recited the twice-told tale of how the Tories have somewhat staunched the drain on gold and dollar reserves-a story of more austerity and cuts in imports, a slight boost in coal production, and an end to cheap credit. Now, continued Butler, Britain's $13 billion rearmament program, begun so bravely in early 1951 by the Socialists (with full Tory support), will assume under the Tories "a new pattern." Defense production would be cut somewhat to allow more manufacture of dollar-earning export items...
Bevan Up. That brought rambunctious Rebel Aneurin Bevan, that old advocate of fewer arms, to his feet demanding to know just how much rearmament would be cut. "I am not poaching upon the ground which my right honorable friend, the Prime Minister, is to cover at length tomorrow," retorted Butler. To the joy of the critics on the Opposition benches and the dismay of the performer's friends on the government benches, it became clear that Rab Butler had really nothing new to say. The Laborites jeered and badgered him with questions plump and juicy as an overripe tomato...
...announced that it wanted a German army within six months. McCloy said no; the development must be slower, else European unity would be imperiled. For weeks of table-thumping debate, McCloy and his sly, dry wit seemed to be everywhere at once: chivvying nervous Frenchmen who feared German rearmament, rebuking truculent Germans who seemed always to want more...