OPPOSITE VIEWS.

Poverty Bay Herald, Volume XXXIX, Issue 12815, 15 July 1912, Page 3

OPPOSITE VIEWS.

(Press Assn.— By Telegraph.— Copyright.) LOXDOX. July 14. ! Mi* Lloyd George, Chancellor of th? Exchequer, speaking at the Banker-' dinner -at the Mansion House, said that ,the international situation was neve:* better. There was nothing to creat'.* any uneasiness. There wore evidence, on all hands of prosperity, and trad, was sound— a condition of v affairs which, he was pleased to say, was likely to endure. The injury wliich was anticipated through the coal strike had not oeen realised. It was hot anticipated that there would be any further overpowering labor troubles. " i Mr Alfred C. Cole, deputy-governor of the Bank of England, aaid that dining t)n} last 12 months there* has been greattw*! us trial and financial unrest, and the feeling of insecurity m Home* investments continued to encourage investments abroad. Taxation had severely hit. the breweries and landowners, .*md Consols were at their lowest m th. present generation. Th:* situation demanded lh» most serious attention, for what would be tbe position of the Government if it wanted to borrow on s a large scale? He attributed the for civ,; down of gilt-edged securities largely to the death duties, v/hi.h totalled £_29,---OOO.OCO m six yearn.