PLIGHT OF THE WORLD.

New Zealand Herald, Volume LXIX, Issue 21160, 18 April 1932, Page 9

PLIGHT OF THE WORLD.

LOST PROSPERITY.

ONLY WAY TO RECOVERY.

■UNION OE NATIONS.

'APPEAL TO AMERICA. jWAE DEBTS BURDEN. Telegraph— Press Association— Copyright. (Received April IT. 5.5 p.m.) LONDON. April 16. In a copyright message issued by the Xorth American News Agency Sir Austen Chamberlain, formerly British Secretary of State for Foreign Affairs, says:—"We have }»i: t cur house in order and balanced oar Budget. We can face the future confidently, but not alone. "Tho other nations must conlributo if fh e world is (o recover her lost prosperity. TT n lcss we stand together wo shall fall, one after another, into a common pit o.f misery and decay. "The policy of *ca>Ti for himself and ♦he dev I take the hindmost" has gono with the past. Americans, Englishmen and Europeans must remember that they also s rc citizens of tho world. "One longs for Stresemann again. Hitler is 150 Stresemann. Let us pray that no foil/ be attempted lest reaction in Gerniary breed reaction elsewhere. "The principle which tho United States proclaimed for China—that changes due to fore-a will not bo recognised—needs firm assertion for Europe. After that wo shall be- astonished by the progress which immediately will bo possible. "Poc> tho United States yet recognise, as Europe does, the stronger desiro for agreement and co-operation? If Europe seeks salvation by mutual sacrifice she will turn to America, expecting her to be not less unselfish and far-seeing. ,r The"e is no euro for tho evil which the wot Id is suffering unless war debts are dealt with simultaneously, and in the came spirit as reparations, tho abolition oi which Americans desire no less than Englishmen. Europeans' sacrifices will be vain unless wisdom and understanding are also given to the people of America."

EUROPEAN OUTLOOK,

TOO MANY SMALL STATES. PROHIBITIONS AND TARIFFS. (Received April 17, 5.25 p.m.) British Wireles"*. LONDON, April 16. Dealing with the European outlook in a speech in North Wales last evening, Mr. Stanley Baldwin, Lord President of the Council, said nothing had done more harm economically than the splitting of Europe into many would-be self-sufficient States, and the post-war mentality which hid made all these small units believe they could be self-sufficient.

This had created in Europe a vast wire network of prohibitions and tariffs which were interfering more than anything else wTTh that freer trade which was essential for the world.