Evening star. [volume] (Washington, D.C.) 1854-1972, 1931-09-10
CREDIT REVISION
URGED BY CECIL
Rritisher Echoes Warning of
Wiggin Report Before
League Assembly.

r the Associated Press.
GENEVA. September 10.-Lord Cectl
Of Great Britain, in addressing the
League Assembly today, urged the ne
cessity Of 'reviYing international in
vcstmcnts" if the world is to be saved
from impending financial disaster.
The British delegate read with APP
parent approval a portion of the Wig
gin Bankers Committee report and en-
phasized his conviction that the system
OF International credits must be recon-
structed to escape a collapse in the
worlds economic system.
He echoed the Wiggin warning that
the governments were faced with i'm
parative need of action-not within
period of years but of months. perhaps
weeks
Sees No Prospects of War.
There was in existence an atmosphere
Of Unrest and suspicion, he said, but
political conditions were not altogether
bad. There is not the slightest pros
pect. I believe. Of war" he continued,
there never was a time when war
seemed less probable
But the prevailing political customs
raw lead To serious international con-
sequences, Lord Cecil added. He de-
r,arcd the iu1ammatCry speeches OF a
d.uu,ceic nature. saying. 'C-e nlfian-
uato,y speech cannot be cured by ten
moderate speeches from the same
source
He sharply criticized the policy OF
holding air rraneuyerS, mentioning that
they had been staged recently i'll Great
Britain. the United States, France and
Italy He said these maneuVerS proved
that the possession Of aircraft by one
country is not a defense against at
tack by another and that their execu-
ton is an aid to international suspicion
ard anxiety.
Urges Disarmament.
1.-THE present is not the time to con-
slider The revision Of existing treaties, "
he declared. that would not decrease
the prevailing anxiety. but only in
Crease the disturbed political atmos-
phere. To promote the program OF dis
armament is now the best thing we can
90 to eliminate international distress.
Nothing would be more welcome oy the
burdened people
The first and most important thing
to be done, he said. is to promote a
program Of disarmament. The dele
o7tes applauded when he declared teat
no government. least Cf all my own,
will tolerate any proposal for postpon-
inc next years general disarmament
conference
A real agreement between France and
Germany in deeds. not in words alone
would remove most OF the WcfldS po-
I.ical unrest. he asserted, adding, my
governments always has been anxious to
hot fhpSa
two neighbours
Italy Sumbits Arms Data.
ItaIy's memorandum on italian ar
mamcnts, prepared IS part Of the data
for the disarmament conference next
year. has reached the secretariat CT
the league.
Tables accompanying the statement
show that Italy might lay claim in time
Of peace to an army of aGout 100000
men. whereas she actually has approx
lmately 100000 The total number OF
airplanes in service was given as 1.50l
and the total war budget was placed
a more than 6,000,000,000 lire taboCt
$500 600 000).
Americans at Assembly.
The American Minister to Sw6zer-
land Hugh L. Wilson, and six officers
of the United States consulate at
Geneva are in attendance at the League
Assembly, with 3 prime ministers and
% foreign ministers of other nations.
They are observing the formal de-
IiberatiouS of the Assembly and have
many points of informal contact with
their European colleagues and others.
One Of the most striking features Of
the Assembly is the weakness of the
British delegation. 1t is recognized
that the financial crisis in that country
makes it impossible for cabinet mem
hnr 10 attend. but the absence of a
responsible statesman is considered a
11,icf-rtllrnn FL, the nao11e at such a