USVI Public Records

Document text

- e = , / & X g # y / : N [ sg \%L 'f / //il} E \@> X /Wj ?/Q/\ '/\ \ \\U \i,/\\?/ '\ L\”'@‘ \:\;\ ‘ ‘\"\ ll\'%"’l@ z. t /\\/\\g/ //; \ : ) \'(. { //““7‘ A ’/. \\_/// £ i ~ @ /Q \V ' TH YEAR. CHRISIIANSTIED. V. 1. 1.5 A, TUESDAY, 1608 MARCH 1920. rupt nor anywher> near it, although her | ex ernal debtis larger than ever before | in ber history. iPhis Jdebt was ipncurred | mainly to supply the needs of her conti- | nent | aliies, and she is owed approxi- madely twice as rauh as she owes Amer- | ica. While America may fairly expect to collect all Ler British debts, Grear Brit- ain is preparing to write off 50 per cent. | o: her cont:nenial debt. *ln spice of the facts British busi- ness and tinance are in 1 fundamentally sound condition. Business men and workers are recovering from the de- noralizing effects of the war. Their | customary energy is reviving and Brit ish ractorics are increasing their out- | put. Acco-ding (0o estimates made pub- lic by one bhank chairman, the present year’s exports will produce a profit of from $1,000,000.000 to $1,590,000,000. The expression ‘We are rounding the cornier’ is oow nienrd on ail sid2s. Neither British bankers nor the ÜBritish govern- ment expec:. or ask, further Government or song term loans from ~ meriea. “*Appeals for American crecit in be- halt of the desiitute areas oi KEurope should not be misconstrued as veiled ap- peals for' assistance to Great Britain. Such emphaticaily is not ine case. Brii- ish bankers and business men look o American bankers acd business men only for such friendlv facilities as they nave enjoyed and have themselves ar- | rorded in the past. DEBT TO THE UNITED STATES. **One-;oucth o Great Britain’s debt is to the United States. It 1s neither an easy nor enzaging task o try (o express the feeling in the city regarding this. For the most part it is not meniioned and no banker has been heard (o express any doubtabout the American deb: paidin full. Debts between nations do not riake {or friendiy feelings, however, and that is why British financial leaders, in confi- dential moments, sonietimes express regret at toair country’s hiuge obdligation and ineline teward muiual cancellation all around. At the same time, hey reoi thatit is for the eraditor to make any such | proposal. They have compiete eonfidence in the continued suprenmizey of Sritish finance. ‘Qui se¢xcuse s’excuse’ (Who | excuses himsell accuses himseid) ey say, and prefer to let the word know them by t eir doeds. ‘‘British banke:s today sce clearly tho joint responsibiliies of Grear Britamn and the United States in helping the | striken countries of C:ntiral Isurope to | their feet and are accordingly wu.caing THE ST. CROIX AVIS is privnted and published daily (Sundays and fdolidays excepted) by G. Jonansen nt the Avis Ojjice. TE RMS---50 cents monthly wn advance, 2 cents per single copy. “atered as second-class matter May 26th 1917 a! the Post Office at Christian- sted, St. Croie, V. L ofthe U. 5. A., un- der the Act ot March 3. 1878 | Contribution to this paper will be glud- ly received when the same deals with mai- ters of gencral interest, and is accompa- nied with the author’s name, as a quar- antee of gord faith. The editor cannot be | responstble for the views of his correspon- dents nor does he necessarily endorse them. SRITAIN RESTS ON SOUND BASIS. Neither Bankrupt Nor Near It, Says | American Chamber of Londo . E Recovering From Effecis Os The War. | London, Feb. 21. —Great Britain is fun- ' damen ally souhd, both inancially and | commercially says the American Cham- ber of Commerce of Londonin a state- ment referring to differences in the fi- nancial position of Great Br tain and the | continental Turopean countries. The | chamber exp esses the belief that the ! recent unprecedented drop in sterling ex- change o America makes it particular- iy desirable that the best opinions on each side of the Atlantic eoncerninz this question should be urderstood on the other side. After a thorough discussion with the leaders of British finance, illuminated largely by the add.esses of the chairme | of five leading British banks to their stockbolders in annual meeting, the | .chamber of commerce has prepared a | message to the American business publie. | The message reads as 1oilows: ‘ EXCHANGE RATE NO IXDEX i **The collapse of the pound sterling in | New York is no index to Great Bri ain’s | fi ancial strength or weakness. London is today, as betore the w r, the mon-=tary | centre of Europe. With inadequate assis- tance from American credit in Europ , | Great Britan has becen forced to supply | the eredi. needs of the contnent as well | as those of har own traders. ‘ “*Dollarexcha ¢e is reaily New York- [Furope.” not ‘New York-London,” ex- | change. Great Britain is neither hank- No. 61 with the keenest interest every move being made by the United States to help solvz this, the g¢reatest business and financial problem of the hour. Great Britain, they say, is doing her utmost and she cannot do much more. The United States helped te save Europe once and surely she will no® refuse to do so again. Moreover, if properly managed, these mucel needed irves'ments on the continent might be made ultimately to vroduce a handsome business profit. Ernthusiasm in the city for great Ameri- can participation in this work of restora- tion is mainly due to the fact that the whoie English-speaking world will profit thereby.”’ Summarizing the examinat on of Brit- ish banking opini'n it has made, the American chamber retterates that Great Britain does not ask credit for herself, but what she wants is a normal-world 1o do business In. “Will friendly America continue to stand by in helping to make the present disrupted world normal?’”’ The message says In conclusion; “*That is all Great Britain asks.’’— The Sunday Herald Boston, Feb. 22nd. NO DOVUBT OF T - An Indianapolis lawyer wh2 handles many divoree cases in the eounty eourts, was appreacbed the other day by a man who contemplated bringing divorce pro- ceedings againsi his wife. *‘] want to find out if I have grounds for a divoree,’”’ be informed the attorney on entering his office. Are you married 777 the lawyer asked. "*Why, yes, of course,’”” respcnded the ¢ilent. “*P sn vou bave grounds,'’ the ittor- neysaid.— Ibud B Embroiderers Wanted, W’RITE to us for particulars for doing fine emorcidery in your own home. Work listo be sent «i- --rect to you by mail. You to return the finishea work to us by mail We pay good prices and remit promptly. H C ROWSE, Home Needlework Co. 4910 Washington Park Court, Chica: o, I1. 5 4.