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UK to go slow

2024-10-27
LONDON: British Chancellor of the Exchequer, Sir Stafford Cripps, told Parliament today [Oct 26] that Britain could not continue to repay sterling debts to the same extent as hitherto. Such credits or releases added to the nation`s inflationary pressure just as much as her whole internal expenditure, he said. Sir Stafford Cripps, opening the ... debate on the ... 280-million sterling economy cuts, added that Britain`s armed forces next April would be 20,000 below the figure of 750,000 already given.

The proposed annual saving of 30 million sterlings in defence would include a big reduction in Headquarter Staff and in training, maintenance and administrative establishments and economies in defence works programmes... . News agencies [Meanwhile, according to news agencies in Karachi,] the Government of Pakistan have paid rupees one crore to the Sind Government on an ad hoc basis as compensation for the latter`s assets in Karachi... . The committee appointed soon after the separation of Karachi from the rest of Sind in 1948 ... had not yet finalised their report. ... Sind ... though they have decided upon the site of their new Capital, are not expected to take up its construction until the report has been finalised.