Full reports have come to hand of the interesting economic conference Which took place at Dusseldorf last May and at which Lord Riverdale—formerly Sir Arthur Balfour—made speech on the special relation of the British Empire to world economics. Lord Riverdale effectively traced the hhistorieal comparisons between the British ahd the former classical Em-country could not do it, It called for collaboration from all nations.
Great Britain was prepared to do her part, Dr. Brinkman of the Reichs although picturesque are a wrangle Bank, taking for his theme "The of lawyers, a whiff of Ruins of World Trade" eloquently; "Now Statesman and Nation recently reinforced this plea, In so doing he gave a grim picture of present conditions: pires of Greece, Rome and Spain. He pointed out' that in contrast to Rome and Spain, Britain chose 10 "live not by the passive receipt of an income from abroad (except income on loans) but by active trade. She accepted dependence on imports of foodstuffs, abandoned the system by which she at frst attempted to secure British trade for British bottoms, she developed representative institutions her possessions overseas, providing for their unification, self-defence, periodical ernsultation in the Imperial Conference. membership of the Lea~ gue of Nations, tariff autonomy and, by the Statute of Westminster freedom from London's dictation. The over seas Empire has been developed by British capital which Lord Riverdale estimated—he admitted the estimate was rough—to be £2,250 millions, Re-erring to the experiments at Ottawa and measures to protect British agriculture, Lord Riverdale pointed out that the unprecedented world situation had produced "rather violent experiments," some of which he hoped were "highly temporary": lightest spark chivalry. One of the most regrettable Phenomena of. the. situation, the chaos prevailing" in the prices, Formerly firms in the same branch though competing with each other, ever failed to observe "a sort agreement for the purpose of" maintaining " prices, while now, Almost all traces" of such custom We disappeared. to-day' appears to be "sell" at all coats." "Whether the advantages accruing from Such wanton prices:
actually greater than the inevit sacrifices Is certainly avery question, So, recognizing the need for the collaboration of which Lord Riverdale spoke, Dr. Brinkman clearly was of opinion that the Intensity of the present "Aight for the markets of the world" was a serious obstacle, He suggested that steps for the systematic control of currency values might in due course facilitate remedies.
Text read from the printed page and cleaned; old type leaves the occasional error.