NEWS FROM 100 YEARS AGO : 1 December 1923

1 DECEMBER 1923

Herbert Asquith, the former Prime Minister, said that unless Britain had the folly to adopt Sir Robert Horne’s suggestion of an import duty on steel plates, the country would continue to retain by far the most profitable share of the carrying trade of the world.

The Reparation Commission decided to appoint two Committees of experts, one to consider the means of balancing Germany’s Budget and the other to investigate a method of valuing German capital in foreign countries.