NATIONS OF WORLD

Southland Times, Issue 21774, 1 August 1932, Page 7

NATIONS OF WORLD

DEPENDENCE ON EACH OTHER. SPEECH BY THE PRINCE. (British Official Wireless.) (Rec. 5.5 p.m.) Rugby, July 29. When the Prince of Wales visited in London the International Congress on Commercial Education at which 35 nations were represented, the president, Mr Charles Boisserain, of Holland, introduced him as the “first commercial ambassador of the world.” During his address the Prince said that the hard lesson of adversity Ind taught them that the prosperity of all nations depended on the prosperity ot each. In these days of swift transport and communication and interlocked commerce and finance, it was increasingly true that the nations could not live to themselves alone. “That this truth is penetrating the minds and Government policies ■ and actions of the nations in a growing measure has recently been demonstrated most happily at Lausanne,” said the Prince. “This international conference may well express its delight that at Lausanne the lamps of hope and confidence were lighted. The spirit of international co-operation and goodwill is burning more brightly than at any time within living memory. For this we may all be profoundly grateful. The world-wide 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 the 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 that would enable the entire population to live on a higher level of comfort and well-being than ever before contemplated in its rosiest dreams. The social reformer's urgent task is to bring consumption and production into proper relationship—not a simple but quite a possible task.”