PROBLEMS FOR BANKERS.

Taranaki Herald, Volume LX, Issue 143787, 10 May 1912, Page 3

PROBLEMS FOR BANKERS.

SET OUT BY MR. ASQUITH,

fiy Electric Telegraph.--Copyright. LONDON, May 9

Mr. Asquith, speaking at the Bankers’ Association, said that ho had been inspecting the fleet. It suggested tho thought that if the gigantic expenditure were some day diverted to more fruitful channels they would have the world achieving some of its best aspirations, but while the world remained in its present temper Great Britain could not neglect defence against aggression. Her debt had decreased £65,000,000 since 1906. That of Germany had increased by £83,000,000, and that of Austria by £112,000,000 in tho same period. The fall in consols was attributable to the increased area open for investments by trustees, which was now estimated at almost two hundred thousand millions. Accompanying trade activity there were signs in the industrial sky warning them against a complacent optimism. It was tlie duty of the Government and the business of the community to solve the .problem of tho recurrence of strikes.