ADDRESS TO BANKERS
LONDON, May 9. In the oourse of a speech before the Bankers' Association, Mr Asquith said he had been inspecting the fleet, which had suggested the thought that if the gigantic expenditure on it could some day be diverted to more fruitful channels it would relieve them of an incubus, but while the world remained in it 6 present temper Britain could not neglect her defence against aggression. Britain's debt had decreased by 65 millions since 1905, Germany's had increased by 83 millions, and Australia's by 112 millions in the eame period. The fall of consols was attributable to the increased area open to trustees —now estimated at almost £2oo,ooo,ooo—and to the demand for higher" interest accompanying trade activity. There were signs in the industrial sky of a warning against complacent optimism. It was the duty of the Government and the business community to solve the problem of the recurrence of strikes.
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Otago Witness, Issue 3035, 15 May 1912, Page 27
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155ADDRESS TO BANKERS Otago Witness, Issue 3035, 15 May 1912, Page 27
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