DAILY HERALD COMMENT.
“ AN ECONOMIC BLIZZARD.” LONDON, Octobei’ 8. The Daily Herald says:— “Mr Thomas invited the dominion Governments to contribute suggestions dealing with the economic situation, but none—if we except some vague remarks by Mr Seullin and Mr Forbes—had any suggestions to make except that the Mother Country should set up Protection tariffs whicu would be the basis of an extended system of preference. This is the very bankruptcy of statesmanship. It is obvious that tariffs will afford no protection against the economic blizzard which has smitten America, Australia, and Germany as relentlessly as it has smitten Freetrade Britain. Conference must find other remedies, but it is a tragedy that the dominion politicians are closing their minds to the need for seeking effective remedies. They contributed but one idea, which is demonstrably and patently useless. We urge them to cooperate in a hard constructive effort which will deal with the situation and in which tariffs and Freetrade will alike be irrelevant.”
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Otago Witness, Issue 3996, 14 October 1930, Page 27
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162DAILY HERALD COMMENT. Otago Witness, Issue 3996, 14 October 1930, Page 27
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