The Archive · 1931

New Year Prospects London, Dee. 30

A thorough-going policy for national recovery, an emergency t to protect the manufacturer, a anteed price to the farmer for his wheat, and a speedy agreement with' the Dominions to build up a great Empire trade, are the confidence forecasts of Mr. Stanley Baldwin, the Conservative leader, in a New thinks an election will not long be the "Liberal plot"; to keep the Socialists in power.

Sir James Lithgow, well-known ship-builder, writing in the annual] review of Lloyd's List, strikes an optimistic note. He says Great] Britain, despite the lamentable condition of her basic trades, still pose esses the largest foreign trade per: head of population in the world and by comparison with many of her} competitors has exhibited remarkable resistanes to the forces of re-

He says he hidden reserves of] vitality which' the present crisis in world trade has called forth cannot be better exemplified than by the manner in which the Bank of Eng-and resumed, almost without ques-in, hey traditional place ad leader of international finance Mr. E. H. Watts writing in the same' publication on "low freights and the tramp," says the remedies for shipping are frankly imperial istic—empire goods' carried pire ships, bankers to use their influence "to obtain _prefere treatment overseas and British' ship-owners as a body to ce-operate to remedy the present low freight} rates.

Mr. Aylmer Vallance, another! writer in this journal, Save that}

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