THE CHAIRMAN SAID-

Evening Post, Volume CXII, Issue 47, 24 August 1931, Page 10

THE CHAIRMAN SAID-

.'JThey must set' their house*in"order so that they might-be in a position to take advantage of a revival when I the -world depression passed. He did not wish to exaggerate. But -. there was reason to fear that the country's capacity to take part in the recovery might be endangered, apart altogether from temporary world- conditions,■ if they-pursued much further.the reckless courses upon 'which they appeared: to■ be embarked.—MajorGeneral ~ G.- p. ;Dawney, Armstrong Whitworth Securities, Ltd. Canada, like, other, parts of the world, had had another lean.year. It had suffered from the world-depression, which had especially ■ affected its principal source of "income—the wheat crop; and that crop was ' itself, unsatisfactory last year over a : large part of Western Canada. The', price of wheat had continued its', catastrophic descent, and was .now considerably lower than before the war. —Colonel the Hon. S. Peel, Trust and Loan Co. of Canada, London.

The times are out of joint, and call for heroic remedies. Mere bone-setting will,not rectify our erring joints, nnd serious surgery is involved.. Trustees are specially affected by this deflating process, and are specially exhorted to aid in lifting the country out of the bog of depression into which it has slid.— Mr. D. MacKinnon,, Equity Trustees, Executors, and Agency Co., Melbourne. . Fixation . of. prices .without control of production- is one of the root causes of the present .world depression. Wherever tried .it has wrought disaster. The troubles that,, beset so ■ many countries to-day are self-imposed, in their departure .from established principles of. ccon-, omie development.—Mr., James A. Farrell, National : Foreign Trade Council, U.S.A.