FLAG OF PROTECTION.

New Zealand Herald, Volume LX, Issue 18586, 19 December 1923, Page 11

FLAG OF PROTECTION.

yOT TO BE LOWERED. - " -— 4 CpHaHRVATfyES' RESOLVE. . POLITICAL . CONFERENCES. &SQUITH AND LLOYD GEORGE jßy Telegraph—Press Association Copyright £'s -■/ (Received 9.30 p.m.) •• (&. "and JT-Z. ' ; CDSDON. Dec. IV. The Prime Minister, Mr. Stanley Baldwin, has "summoned a meeting of the Cabinet for to-morrow; It is expected .that it will • survey the situation, but : will defer final decisions nnfil after Christmas. Mr. Asquith and Mr. Lloyd George held a conference to-night, preliminary to a. meeting of Liberal members of the House of Commons to-day. It is learned on .the most reliable au- " thority that the Conservative Party does not intend to abandon the policy of Protection of home markets and preference for the Dominion!), whatever may be fho outcome of, the present political situation, nor does it anticipate that the preference proposals already made will lie rescinded by any party coming into power.

IF LABOUR GOVERNS. ITALY DRAWS COMFORT. Time*. LONDON. Doc. 17. The Rome correspondent of the Times says there is widespread comment in Italy regarding the political future of Britain. The original nervousness at the prospect of a Labour Government is disappearing, for it is not thought that such a Government would.be able, to pass measures likely to disturb commerce and credit. It is considered that Italy will be a gainer in any contingency, for the weaker the British Government is, the stronger will Italian prestige be -within the Entente. Moreover, the foreign policy of & Labour Government is certain to be strongly anti-French, and will oppose the extension of French influence in the Balkans and the Little Entente, which is. gravely perturbing Italy.