15 DECEMBER 1925
Mr Kellogg, U.S. Secretary of State, in a speech in New York, referred American policy in relation to Europe. He said that there could be no cancellation of the debts owing by European countries to the United States.
At Geneva the Locarno Agreement was handed over for deposit in the archives of the League of Nations. Sir Austen Chamberlain, addressing the gathering, said they had established peace between themselves, thus helping to stabilise the peace of the world, and give rest and confidence to other nations.
Lord Reading, Viceroy of India, told a gathering of the Indian Associated Chambers of Commerce the reasons which led up to the suspension of the cotton Excise duty. He emphasised that no conditions, express or implied, are attached to the suspension.
The opposition in France to M. Loucheur’s financial proposals is steadily growing. The Bill providing for further taxation has been referred back to the Government by the Finance Committee of the Chamber.
M. Leygues, French Minister of Marine, in an interview, said he intended to speed up the execution of their naval programme.
Herr Koch, the leader of the German Democratic party, has accepted the task of trying to form a Cabinet on the basis of a “Big Coalition.”
The Pope, in a secret Consistory, created four new Cardinals, including Monsignor Patrick O’Donnell, Archbishop of Armagh.