"Mr. Stanley referred to the unification, regimentation and control of competing industries in other nations, and continued: "I believe that, even today, man for man, firm for firm, and industry for industry, we can stand up to any competition from any country in the world. But it is not case today of firm against firm but of firm against industry and of firm against countr; Very often you are competing against the resources of 80,000,000 people, and no firm, however, great its resources, can hope to do that.
"We do not want slavishly to adopt the technique of these countries, But surely we can find some intervening method, some form of voluntary cooperation, to give ourselves a chance of meeting competition of that kind on a fair basis.
"What we would like to see is an arrangement between countries which would be fair, both to them and to us, and would give both a chance of trade in neutral markets which would give a fair return."—Wircless through Reuter.
Text read from the printed page and cleaned; old type leaves the occasional error.