BRITISH TRADE.

Press, Volume XLVIII, Issue 14407, 15 July 1912, Page 7

BRITISH TRADE.

MR LLOYD GEORGE AND THE

BANKERS

VIEWS ON THE SITUATION

United Press Association—By Electric Te'.csraph—Copyright. July 15th, 12.30 a.m.)

LONDON, July 13

Mr Lloyd George, speaking at tho bankers' dinner at the Mansion House, said that the international situation had never been better. Thero was nothing to create uneasiness. Tho prosperity of trado was sound, and likely to endure. Tho injury which was anticipated through the coal striko was not realised, and he did not anticipate further overpowering labour troubles.

Mr Alfred Cole, Governor of tho Bank of England, said that tho last twelvo months had been a period of great industrial and financial unrest. Tho fooling of insecurity iv rcg.iVd to Homo inyestments still continue.!, encouraging investments abroad. Taxation had severely hit breweries and land. Consols were seen at the lowest figure for tho present generation. Tho situation demanded the most serious attention, for what would l>e tho position of tho Government if it wanted to borrow on a largo scale. Sir Cole attributed the forcing down of gilt-edged security largely to tho death duties, which had totalled 129 millions in six years.