ECONOMIC PARALYSIS

Manawatu Standard, Volume LII, Issue 229, 27 August 1932, Page 7

ECONOMIC PARALYSIS

CONDITIONS IN FREE STATE. COUNTRY FACED WITH RUIN. EFFECT OF TARIFF AVAR. (United Press Association—By Electric Telegraph.—Copyright.) LONDON, Aug. 26. Conditions in the Irish Free State to-day are described by a special correspondent of the Morning Post, himsell an Irishman, who says that Nature ha given a bountiiul harvest, but at tho roots there is canker and creeping economic paralysis. “There is no demand lor the abundant hay and pasture, whilo horses, cattle, sheexi, pigs, butter and eggs are unsaleable owing mainly to tno British tariff, which falls entirely on the jrroducer,” he says. “Land has depreciated in value, farms are practically unsaleable and a largo proportion of farmers are faced with bankruptcy. Shopkeepers are refusing further credit. “The country is faced with ruin unless the tariff war is ended. A settlement is demanded by all sections with tho interests of the country at heart, but many think that Air de Valera does not want peace but desires to continue the struggle as part of his avowed campaign for a republic. “Farmers who believed that he intended to abolish tho land annuities now find themselves compelled to pay him instead of the British Government. Moreover, he has failed to find any alternative to the British market, which his policy is closing. “Civil Servants’ and teachers’ salaries arc endangered, while banking and business classes dependent on the farmers are paralysed by their distress. Many people suni up the situation in this way: ‘Money is rapidly leaving the country and arms are ra.pidly com-

ing in.’ ” , The correspondent expresses the opinion, however, that any attempt to overthrow the constitution would b© foredoomed to failure.