The danger is not that a Labour Cabinet would seriously
think of repudiation, but that Mr.-. Snowden would be hovering on their flank, constantly' Making it difficult Mr them to observe continuity'of policy. Frankly we do not understand Mr. Snowden. He is a pacifist and in the name of peace he has often demanded the cancella- - tiori of all debts.' Yet he would obstruct the gradual Construction of peace for the sake of squeezing a few more millions of pounds out of our Allies. No doubt he would defend this policy by saying, " Ido not really believe in the recognition of any of these debts, but, so long as they are recognized, for Heaven's sake let us have a fair bargain and not a grotesque penalization of our own country." A frigid logic, where logic is poison I Surely =if Mr, Snowden meant to raise this issue he ought to hasie done so six years ago. Certainly he has hinted his dis- pleasure over and over again but he has not till now tried to secure for his party the right of repudiation.
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