"Considerably fewer visitors than usual were to be noticed in the various well-known. Swiss resorts, this being due, I was Informed. to the high cost of living, and favourable rate of -exchan; formerly being the equivalent of 25 Swiss francs, only being then valued at Fes, 15, and $0, many visitors who would otherwise have been there at that time of the year (May/June) were forced for financial reasons to stay away. Italy managed, to some extent, to counteract this unfortunate state of affairs by giving a 50 per ent, rebate to all who travelled on her lines of communication, whilst the hotels also fell into line by reducing their rates considerably.
Having graduated in_an English college, it was perhaps natural that T'shoula look forward once again to visiting old) friends there, and cone quently after a very brief stay crossed the English Channel, where I found conditions in England tobe such as (0 convince' me. that It was perhaps the steadiest and most economical, in the. way of living, country in Europe in these troublous When one considers that only years ago, there was a general Danie in the money market, and a new Coalition. government imposed.
Usually heavy taxation to meet outside and home. obligations, it was Indeed surprising "that last year's English Budget should actually show <a"considerable surplus-a tribute. to the "extraordinary. vitality of the people, and as a result of which signs prosperity and. Increase of bust: ess were" evident everywhere, Schools" and. "universities received arcater impetus in their work, and Such intellectual workers found' more encouragement. in their tasks.
Text read from the printed page and cleaned; old type leaves the occasional error.