The New York herald., 1922-11-03
PREMIER WOULD MAINTAIN
FRIENDSHIP WITH ALLIES

iEeIe are tlultS WneU IL ID boOO "
sit still and go slowly.
The most important thing. 1t ap-
pears to me at the moment. is the
foreign policy. IL rs most important
from the point of view of giving con-
fidence at home. l spoke of this at
some length elsewhere and ] will deal
more briefly now. 1 put first what
is not really a foreign policy-our re-
slations with the domnions. The en-
pire changed during the war 1t must
still. in negotiations. go as a whole,
but there must be closer cooperation
with the rest of the empire And we
must feel that we have the moral
support, not OF this country alone,
but of the whole British empire.
Relations with America.
I speak next OF our relations with
America. There Is nothing to trouble
the horizon there. I think may ven-
ture to express the hope, and think
I can do so without indiscretion,
that America may gradually feel
that II is her duty to help in the
chaos the war left behind. I say
that without any criticism OF
America-far from it. 1t may be
useful at this date to repeat what
said under no special reasons for
saying It. but to repeat II now be-
cause what say may be reported in
America. Speaking of America in
July, 1918, I said this: at is moral
force which brought the United
States in with the Allies. She had
much to lose in a material sense and
had little to gain in the great things
Of life, and very often in the small
things. too. The saying of the Scrip
is TJa xyh
his life shall lose it, The people of
the United States had nothing to
gain because they would lose money.
but they gained something, some
thing far more precious than money.
for they saved the soul OF America"
Near East Crisis.
Now I come to speak for the mo-
ment. for moment only. OF the i'm
mediate crisis-our position In the
Neat East. There is much to be done
there. whether It Is our fault or not.
1t is great misfortune that the Turks
should have had the feeling. apart
from what Is necessary as the result
of war, that there was particular hos
tility toward them. That ought not to
be. And we must, If we can, get rid
Of that notion.
That does not mean that we are not
going to be fair with the Greeks also.
Let there be no mistake about that.
What / hope from this conference is
that there might be a settlement which
will give real peace in that part OF the
world and enable us. from the point of
view Of national finance--and there is
nothing go important--to bring back
the troops and cease spending money
in these distant regions.
Common Aims With France.
Our relationship with France is the
keynote-must be the keynote-of our
foreign policy. There is no doubt as
to what that relationship ought to be.
We really have common aims, and
though there may be in the future as
In the past great differences of opin-
Ion In the way of securing these aims,
and though it may be found that we
cannot aeree-I hope not--this we can
do. though I do not say that it has
not been tried-we can make 1t plain
TO France that We are her friends,
that we realize that any breach of un-
derstanding between the two countries
would be fatal to both, fatal to the
world, and we can try to get an agree
ment between the French and our
selves, realizing that If we cannot get
an agreement there will be chaos in
Europe, and nobody can tell what is
going to happen.
l would say one other word. / have
received message from the new head
Of the Italian Government, a friendly
message, and / have replied In behalf
OF the country, reciprocating that
friendly message. Do not forget that
Italy came into the war at very crit-
cal stage, that she rendered great
service. that she suffered greatly, and
wherever we can show her friendship
practically ii is our duty to do so.
Must Cut Down Expenditure.
Let me say a word now as to what
] regard as really the most irnpor-
tant part OF the general scheme
have in mind for getting trade i'm
proved by increased confidence and
by the sense that we are free from
sudden alsrums and from excursions.
The most important thing Is to cut
down expenditure. Without that-th
can be no reduction in txation.
Ny friend, the new Chancellor OF
the Exchequer. who has many points
of great strength, and you will find
him adequate in his task, has the
same weakness as I have of saying
what he, thinks at any time. In his
speech he Indicated that. as far as he
could judge by the examination he
had made II will be difficult to do
more than balance the budget. Well.
ladies and gentlemen, think he has
a right TO say that
1t is easy to make promises. Every
opposition nearly all through my ex-
perience has been lavish with them
Well do I know the difficulties. We
are really asking. II the people please
to put It so Trust us to do our best
But do not think that we do not
realize what It means.
Taxation, that the Labor party,
judging by IT'S manifesto, thinks is
rather a good thing than otherwise.