WAY TO PROSPERITY

New Zealand Herald, Volume LXIX, Issue 21249, 1 August 1932, Page 9

WAY TO PROSPERITY

ALL NATIONS DEPENDENT PRINCE OF WALES' VIEWS (Keceived July 31, 5.5 p.m.) British Wireless RUGE'Y, July SO When the Prince of Wales visited tho International Congress on Commercial Education in London, at which 3-5 nations were represented, the president, Mr. Charles Boisserain, of Holland, introduced him as " the first commercial ambassador of the world." In the course of the Prince's address he said the hard lesson of adversity had taught them that prosperity of all nations depended upon the prosperity of each. In these days of swift transport and communication and interlocked commerce and finance io was increasingly true that th» nations could not live to themselves alone. " This truth is penetrating the minds and Government policies and actions of the nations in a growing measure," csid His Royal Highness. "Recently it was demonstrated most happily at Lausanne. This international conference may well express its delight that at Lausanne the lamps of hope and confidence were lighted. The spirit of international co-op-eration and goodwill is burning mor« brightly than at any time within living memory. _ "For this we may all bo profoundly grateful. The worldwide trade depression and economic disturbance have been largely caused by the maladjustment of distribution. The potential output is- far greater than ever before. If all employable labour were employed for a reasonable number of hours per week the world would have at its disposal a volume of commodities and services which would enable tho entire population to five on a higher level of comfort and well-being than ever before was contemplated in the rosiest dreams of the social reformer. "The urgent task is to bring consumption and production into proper relationship. It- is not a 'simple task but quite a possible one."