Mr, Churchill on New Grouping of Nations: The Forging of Mutual Obligations London, May. 1, Ax, Winston Churchill, in a speech ut a meeting of the Primrose League to-day at the Albert Hall, referring to foreign policy, said ' that the peace of the world depended on faithful ce-operation between the two groups of the greatest nations of to-da3
In the New World the Washington [Agreement had woven toget Britain, the United States and Jo jin bond of friendship and amity that should preserve peace and freedom of the seas for many generatione, In the Old World the Government were endeavouring to establish a security pact between Britain, France, Italy and Germany.
Just as the Washington Agreement had not been reached by casting aside the old and valued alliance with Japan but by merging it in a larger grouping with the United States, so Britain's policy in Europe would not develop by casting aside the trusted allies whom we stood in the dark day of the wai The Yield from Silk My. Churchill in the course of his speech said that the Budget consisted of x series of carefully adjusted balances, The tax on silk would produce exactly 24,000,000 this year and £7,000,000 next year. This would precisely meet the cost of the relief given to the cagned incomes of smaller taxpayers. "He was con fident that the silk tax would not diminish employment. It would be paid by an enormous number of People in inconceivably small me sualments, Women, if they were convinced that it was for the ocd fof the country, would not hesitate assume the burden of the tax—Reuter.
Text read from the printed page and cleaned; old type leaves the occasional error.