BRITAIN'S FUTURE

Evening Post, Volume CXI, Issue 13, 16 January 1926, Page 7

BRITAIN'S FUTURE

PESSIMISM DEPRECATED

ON THE WAY TO RECOVERY

LORD ALLENBY'S TESTIMONY.

(UNITED PRESS ASSOCIATION—COPYRIGHT.)

(Eeceived 16th January, noon.)

SYDNEY, This Day.

Lord Allenby/ discussing economic questions in Britain, said that as far as he could" judge (there was positively no ground for pessimism regarding Britain's future. The industrial position had very much improved, and things were now progressing stgadily. Unemployment was being gradually reduced.

'' The way Britain is standing up to the terrific financial burden consequent on the war," he said, "has created a profound impression in every country of the world. Regarding 'the recuperative power of Britain those who are inclined to grumble at Britain 's present financial position should remember the crisis following the Napoleonic Wars. It was practically forty years before the economic effect df that upheaval passed.

"Eecuperation," he said, "is proceeding now at a more rapid rate than wastthe case then. It is admitted that the British people arc making sacrifices and suffering privations to discharge their debts, but that is a typical British characteristic. Much. is being done to regain old markets, and secure new ones. Reciprocal trade between Britain and the Dominions will do much to bring about industrial and economic rehabilitation." ,

Beferring to Egypt, Lord Allenby said that the Egyptians were becoming more seized of the responsibilities devolving upon them, following the extension of the powers of local government. His policy in that direction was being followed in the main by Lord Lloyd, who, Lord Allenby emphasised, was quite the best man who could have been sent to Egypt.