The Manawatu Daily Times Putting the World Right

Manawatu Times, Volume LV, Issue 7031, 15 December 1932, Page 6

The Manawatu Daily Times Putting the World Right

“The first conclusion that any impartial and complete survey of the situation compels is that readjustment cannot be made piecemeal. A large number of factors have combined to create the present position, and to rectify one demands the rectification of many others,” says Sir George Paish, in the Contemporary Review, in reference to the AVorld Economic Conference. “The second conclusion is that the efforts which the nations have hitherto made to ameliorate their difficulties have inevitably made those difficulties greater, and that if the problem of adjustment is to be solved it must be approached with a mentality having no resemblance whatever to that now prevailing. The third conclusion is that adjustment cannot be made unless the statesmen detach themselves from narrow national considerations and are prepared to discuss and to solve the problems from the broad point of view of world restoration, realising that measures that will effect the restoration of the world cannot fail to restore each nation. The fourth conclusion is that the situation is so difficult that every nation must make not the smallest but the greatest effort within its power to extricate the world from its present position if it is itself to be rescued from its distress. The fifth conclusion is that the soundness of any suggested solution of the difficulties must be subjected to one supreme test. Will the suggested solution promote world recovery" And the sixth conclusion is that all the problems must be adjusted and that not one of them can be reserved, certainly not reparations, inter-aliied debts and tariffs.”