Sir John Simon Gives Highly Encouraging Speech London, Oct. 7.
"While there is no gainsaying the act that deeply disturbing events in [Asia and Europe are invading the peaceful life of the world, the recovery which has occurred in the British trading and financial position isa solid fact that will take a lot of shifting, and I see no justification to suppose that the tide of our prosperlity has reached the climax. and is about to turn."
This heartening announcement was made to-day by Sir John Simon, the Chancellor of the Exchequer, at a [banquet of bankers and merchants in London, Sir John said he rejoiced over the stability maintained between the sterling and the dollar, and paid a tribute to the French Government's efforts to overcome difficulties. was led to note that they had already' made important progress.
Sir John declined to anticipate the next Budget, but remarked that both revenue and expenditure were following the course anticipated Reuter,
Text read from the printed page and cleaned; old type leaves the occasional error.