ARMAMENT ACTIVITY
EFFECT ON INDUSTRY NECESSITY FOR PLANNING An unfavourable reaction on industry and business might follow the com pletion or slowing up of Britain's rearmament programme, said Dr. E. R. Walker, lecturer in economics at the University of Sydney, on his return to Australia recently after a visit to Britain and Europe. Dr. Walker wes one of the Australian delegation to the League of Nations Assembly in September. He said that Sweden was the only European country which seemed to be definitely planning a policy which might be put into operation at the approach of another depression. Sweden was now formulating a depression public works programme. Tae British Government had been criticised, particularly by the Liberals, for failing to prepare for the eventualities of a depression. The whole economic situation seemed to turn on United States policy and events. There were slight signs of recession in some European countries, notably in Belgium and to some extent in Britain, but the maintenance of armament activity had so far averted acute problems.
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Wanganui Chronicle, Volume 80, Issue 66, 19 March 1938, Page 10
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171ARMAMENT ACTIVITY Wanganui Chronicle, Volume 80, Issue 66, 19 March 1938, Page 10
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