Gentlemen, what did the last horrible war accomplish? Looking round the world to-day, one would say in truth—nothing. The relations of certain countries in the world are worse than they" were prior to. August 1914. What a terrible, what a devastating cut cism of our twentieth century civili-With nations again steadily arming, it looks like return to the days of. barbarism. "But thi must not occur; it should not occur; and we all hope that wisdom mai be given to the statesmen now Geneva on this vital problem. of disarmament that they Will be con-vineed that war does not solve the world's problems and. that. they will shape their policy accordingly Putting it on the lowest apart from the needless squander: ing of valuable lives, Stanley, Baldwin truly. stated speech in London on Friday, if thi mad race in armaments continues there can be no relief but an un: welcome addition to the almost {intolerable burden of—taxation throughout the world to-day.
The American Experiment We are all watching the Amer can experiment of controlling industry rather anxiously and we sympathise with that great nation its present troubles. It may, be that some of us do not look favourably on the experiment, but we cannot but admire the courage of President Roosevelt in daring: to throw off the shackles of orthodoxy in order to lead his country back to prosperity. That prosperity will come just as surely as the sun rises and sets. In America you have a country of inexhaustible natural resources, with a vital and virile people able and willing Jwork. "Just what the reaction on labour in other countries will be it fg difficult to foresee at the moment. The experiment of a 40-hour week may be epoch making. Sqoner or later it is conceivable that technological unemployment may be so serious that a shorter week may be necessary to give workers and producers sufficient leisure in which to absorb the increased production due to the great application of science. But Tam digressing. 'This opens up such a wide field of thought and argument that itis impossible even to touch the fringe of it at a meeting such as this. Ah T can say is that the experiment now proceed ing in America' may have far reaching consequences, particularly in those countries whose very existlence depends on their export trade.
meetings are now taking place in We are delighted to see that Washington on the vexed debt question and we all hope.something tangible will result. People ask glibly: "Why doesn't "America, cancel all war debts?" While we feel that would give an enormous
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