PREFERENCE ESSENTIAL

New Zealand Times, Volume L, Issue 11656, 22 October 1923, Page 5

PREFERENCE ESSENTIAL

“FUTURE OF EMPIRE LIES WITHIN THE EMPIRE.” MR BRUCE’S POSTULATES. By Telegraph.—Press Assn.—Copyright. Renter’s Telegram. LONDON, October 39. Speaking at an Empire producers’ luncheon, Sir Philip Lloyd-G-reame hinted that it was the frank speech indulged in by the Economic Conference which had determined it to work out in a practical manner schemes for the most rapid development of the Empire’s resources. The only way to attain that object was by means of preference. Britain was proud to follow the lead of the Dominions in that course, and would in no way retold the carrying out of the policy by adverse criticism. NEW MARKETS NEEDED. Mr Stanley Bruce argued that there were no palliatives for the unemployment in Britain. The only remedy was to find new markets. He laid <sown three postulates —Here would be increased competition in the world’s markets, in regard to which he maintained that the future of the Empire iay inside the Empire; there would i>o an increase of population in Britain, involving an ever-indreasing surplus which should be ranged undtor the British flag; and there were going to bo improved methods of production, apart from increase of production, necessitating even greater markets; and in regard to this, lie urged necessity for developing the potentialities of the Empire. Mr W. F. Massey strongly advocated the marking of imported goods to indicate whether they, were produced within or outside the Empire.