Page 1, 16th June 1939

16th June 1939
Page 1
Page 1, 16th June 1939 — FRANCO ATTACKS INTERNATIONAL FINANCE Judge Allows Publication

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Locations: Budapest


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Mr Justice Simonds dismissed on Tuesday a motion asking that the Editor of The Times be committed to prison for contempt of court for printing a report of a speech by General Franco, in which the General made the following statement: " The French Government had been extremely tardy in fulfilling the terms of the Berard-Jordana Agreement relating to the restoration to Spain of war material taken to France by the defeated Republicans, while in Great Britain a great part of the wealth of our banks remains sequestrated and subject to litigation owing to the monstrous survival of a supposed humanitarian society formed by the Reds after their cowardly flight.' " The applicant in the case was Mr Henri de Reding, a defendant in an action concerning Spanish bonds and securities to the value of over £2,000,000 brought to this country and placed in the Chancery Lane Safe Deposit.

General Franco's words were spoken in the course of a long speech to the National Council of the Spanish Traditionalist Phalange on June 6.

The speech, which outlined the economic policy of Spain, was one of the most important of Franco's statements. The General, after expressing his thanks to the Phalange and his determination to carry through the programme of their movement, referred to the post-war difficulties of Spain. " The incidents of war have captured the attention of the Spaniards who have overlooked the national difficulties. The earlier military problems have been followed by administrative and economic problems. We have been misunderstood by the international world and, deprived of all outside credits, we have constructed the foundations of our work on the basis of austerity and discipline.

"In time of war we not only cemented our triumph, but created a war industry, passed laws and established social improvements so that no homes should lack food and warmth."

Final Victory

Turning to the financial policy of his country, the General explained how difficulties had been overcome by limiting certain private profits and bringing national economy under the direction of the State.

" Our triumph has constituted the victory of certain economic principles as against the old liberal theories. This characteristic of our revolution is without doubt the one which has aroused the most resentment."

On foreign politics, Franco pointed out that the privileged geographical position of Spain, from the strategical point of view, was the object of the ambitions of certain peoples so that Spain could not, be indifferent to the exploiters of false democracy, freemasonry and international communism.

" There exists," continued the General, " a secret offensive against our country, directed by those who had encouraged horrible crimes in martyred Spain and by international freemasonry, charged with the duty of carrying out through the world anti-Spanish orders by exploiting cleverly injured interests and the Spanish lack of responsibility which is so ready to welcome malicious criticisms or low passions."

The General then called for resistance to the encirclement of a new Spain by faith in victory, and the maintenance of unity and discipline in the Spanish ranks.

In the second part of his speech General Franco indicated in detail the points of the economic programme, demanding greatness of sacrifice which Spain must impose upon herself. The essence of the problem was the balancing of exports and imports, which was never satisfactorily accomplished for half a century, except during the years of the world war. This could only be done by diminishing imports and increasing exports.

Hungary's Regent Appeals to Pope

At the opening of the new Hungarian Parliament on Wednesday Admiral Horthy, Regent of Hungary, declared that in his opinion " it would be the happiest solution if the highest and most unselfish moral authority in the world, his Holiness the Pope, would propose to the Great Powers a conference to settle all present disagreements."

According to the Times, it is felt in Budapest that this proposal must have followed soundings at the Vatican, and that it had received the approval of Italy and Germany.

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