EMPIRE ON MARCH

Dominion, Volume 25, Issue 267, 6 August 1932, Page 11

EMPIRE ON MARCH

Ottawa and Its Meaning GETTING ON WITH JOB The New Economic Warfare (By Telegraph.—Press Assn. —Copyright.) (Rec. August 5, 9.40 p.m.) Ottawa, August 5. The Canadian Board of Trade entertained the Dominion industrial advisers at a banquet here. •The Hon. JJ. H. Stevens, Minister of Trade and Commerce, said eighteen years ago to-day the Empire entered the war and was now wiser and poorer, A new economic warfare had been raging for the past two years, involving changed methods in world trade, strange factors and baffling problems. “The Ottawa Conference declares to the world that the British Empire has decided to get on with the job,” be said. “The British Empire is on the march. We have rallied and are determined to move forward. We have been given a magnificent lead by the Mother Country converting an enormous loan and so reducing •interest.” Mr. Sam McKay, who was introduced as an ally of the Canadian harvester Industry, expressed the Dominion delegates’ appreciation of the lavish Canadian hospitality. He eulogised Mr. Stevens for arranging a treaty with Australia from which both countries were benefiting. He noped the revision now proceeding would result In a still closer trade relationship. Seeing Australia had a deflated currency, now was the time for a Canadian visit to Australia, where 100 Canadian dollars were worth 150 He explained that the Australian farmer to-day must sell two bushels of wheat to obtain the same value as one bushel formerly. Australia looked to the Ottawa Conference to make the necessary adjustment. Sir Alan Anderson said the world was suffering from plenty. “There is such a flooding of products that everybody is wondering how to sell,” he declared. “Yet people are starving. Let us hope the Ottawa Conference will mean a step forward, but perhaps it will be necessary to hold further conferences during the next few years.” Mr. John Bassett, vice-president of the Montreal “Gazette,” In a humorous speech, said farmers and Industrialists had the same policy. When not appealing to the Government for assistance they were engaged in watering their stock. Referring to the London “Star’s ’ attack, the Prime Minister, Mr. R. B. Bennett, said warmly: “We have no buffoons at Ottawa.”