NEWS AND NOTES

Hokitika Guardian, 2 November 1932, Page 8

NEWS AND NOTES

MONEY AND COMMODITIES

“We have got to learn to make money fit comntoubies, not try to make commodities fit mO-.ey,” say s Lord Melchett in a recent interview. “For tlie first time in the whole of its history the world is faced with lactg of plenty,'and is" trying to run it upon ecimiomic' theories which are • based'hjffi on times of scarcity. We must learn the economics of plenty and forget , the economics of scarcity. To do this we must have new political concepts b..scd tipon tlie recognition of scientific facts, viz., (a) the tendency of sci neei to make nations nicre self--supporting, an'd (b) the unlimited possibilities of production if 'w,ri can improve the science of exchange and dis- ■ tribution.”

OTTAWA A PEACE BRIDGE,

“Ottawa, br.s done everything hut the irrposs bl© cr the dangerous. It lias not given up a Free Trade Empire ljut it has weakened tlie forces of high protection and extended the area of freer trade, and it contains within it agreements *t ; o whose ber.eficenre no limit can be fixed. It has provided another span to the br dee which we are building awr.y from war to- the op* polite ar.d prosperous shore. It has done all these things without risk or injury either to the home consumer or to the principle of fiscal freedom and full State independence. It remainsi to use efficiently the n- w inoti-u----ment that has been given us.”— “Scrutator,” in the “Sunday Times.”

judge and motorists

“It is notorious that juries. are very reluctant to convict in motor manslaughter is entirely a matter for the petty jury, but still there it is,” said 'Mr Justice Goddard at an FAiglis.i Assizes. “In many cases 'there- does appear to be a great reluctance to convict, and I cannot help thinking that would be willing, even wher e they do not consider that .a verdict of mans' aught ev should' be returned, to return •« -verdict- of, guilty of- a lesser Offence. His Lordship said it seemed to him that in some - cases where the police had come to the conclusion that a nianslaughter etiargs might properly be preferred, they might also giv e notice- at”the (same 'time of their intention' to prefer a charge of dangerous driving. It l '-could 'do no harm, and it would enable the Clerk f the Assize to include a second co .nt fdr tho '-letsei’ offence. Then it would be open to the jury, even if they rejected til® ca?e of manslaughter, t° find a verdict of guilty of the lesser offence. His Lords',i J p said that in ; tb e 1 present case it-was possible to include the two counts because the man was originally charged with driving to : th‘e- dattge'rDof the' 'public.”'. " '

SOME JOTTINGS FROM OVERSEAS -ANGLO-RUSSiAN TRADE.

“What Canadar.s ask.” says the “Canadian Gazette,” “a-e preferential ;tariffs*'ofMo, 20 'or twn 50 per cent; ;to a’ nat : on whose trade ‘is directed h'y a "State monopoly which may at its pleasure disregard costs or profits arid to use its dumping tactics for the overthrow of British institution ' and civilisation generally In the British House of Commons British Ministers-have to fa e the constant .Labour claim that Ru si. n business is a ‘ real help to British trade apd employment, and should he encouraged friather than damped down. 'Yet the anti-British balance of AngloRussirYt trade and the existence of i lrirge Russian trade credits in London 'cgnnot 'be denied. During the three , years 1929-31, Russia has sold in the .United Kingdom from 130 to 170 m l- ' lion dollars’ worth of goods, while the BrtisK flow of trade t 0 Russia has been of the palt’-y value of from 15 .to 35 million dollars. Contrast this with (the Anglo-Canadian pcsi-ioii. In 1931, the last year for which the reco.rd is complete, United Kingdom !sales to Canada reached 109 million dollars, and her purchases 170 million dollars.”.

AMERICA AND CANADA BEFORE ’ ’ ', OTTAWA.

“The United States through mass rvroduotion of commodities adaptable in price and construction to the Canadian pocket-book and industrial requirements, had at the close of 1930 bu : lt up, a market in Canada amounting to 68 per cent, cf the Dominion ra totil imports. To obta n that ma:ket American products had to hurdle a tariff averaging nearly 10 per cent, in excess of tbe preferential rates accorded Great Britain. With this p;eferential treatment and a gaining sentiment favouring the purchase of British products, Great Britain was able in 1900 to supply 15.2 per cent cf all Canadian imports. Befoi-e Ottaxva the United Ftates supplied) Canada with 91 per cent, of all imported electrical (supplies, 90 per cent of imported iron and steel products, 90 p°r cent of machinery imports, 99,' per cent of imported automobile parts, 98 per cent of imported automobiles, 90 per cent, cf imported coal, 98 per cent of farm impleinents, 76 per cent, of imported crude petroleum, 99 per cut of imported gasoline, 98 per cent of coke imports, 91 per cent ov imported fresh vegetables, 98 per cent of imported planks: andl boards, 88 per cent of foreign wfi"ed sugar, 99 per cent, of imported sulphur, pud 97 per cent of aluminium and bauxite.”