HOPEFUL VIEW

Ashburton Guardian, Volume 52, Issue 247, 1 August 1932, Page 5

HOPEFUL VIEW

FIGHTING THE DEPRESSION. CO-OPERATION BY NATIONS. PRINCE ON WORLD’S NEEDS. (United Press Association-Copyright) LONDON, July 30. When the Prince of Wales ■visited in London the International Congress on Commercial Education, at which thirty-five nations are represented, the president (Mr Charles Boisserain, ot Holland), introduced him as “The First Commercial Ambassador of the world.” During his address the Prince said that the hard lesson of adversity had taught them that the prosperity of all nations depended on the prosperity of each. In these days of swift transport and communication, and of interlocked commerce and finance, it was increasingly true that nations could not live to themselves alone. “That this truth has been penetrating the minds of the people, the policies of Governments and the actions of nations in a growing measure recently has been demonstrated most happily at Lausanne,” said the Prince. “This international conference may well express its delight that at Lausanne lamps of hope and confidence were lighted. The spirit of international co-operation and goodwill is now burning more brightly than at any time within living memory, and for this we may all be profoundly grateful. The worldwide trade depression and economic disturbance have been largely caused by maladjustment of distribution. Potential output is far greater than ever before, and if all employable labour was employed for a reasonable number of hours per week, the world would have at its disposal a volume of commodities and services that would enablo the entire population to live on a higher level of comfort and wellbeing than ever before contemplated in the rosiest dreams of the social Reformer. The urgent task is to bring consumption and into piope.r relationship. It is not simple, but it is a quite possible task. —British Official Wireless. .