DAY BY DAY.

Waikato Times, Volume 111, Issue 18623, 29 April 1932, Page 6

DAY BY DAY.

There have been many signs that trade is on the point of

British reviving, and only needs Trade reasonable encouragement Improving, to go ahead. The watch-

word now (says the London Daily Mail) should be for us all to pull together and work hard. If that is the spirit everywhere the prospects are most favourable. For tho first time in peace we have in office a Government which is- national in the truest sense, in that It represents all parties. Whatever criticisms may bo directed against it, there Is no denying the complete change In the situation which has followed since it received its mandate months ago. A distinguished foreign observer, Signor Gayda, has thus summed up the result of this transformation: “England has rejected a regime of disorder and Utopian dreams and has cheerfully accepted the noble path of sacrifice, thus giving the surest presage of the restoration of her fortunes." It rests- with us to complete the work that has been so well begun, and to prove to all the world that England is not a house divided against itself but a nation determined to triumph over transient misfortunes by its character and disciplined effort.

We are hoping that some -of tho

editors of American newsTho Tale papers who read Public of Opinion will like to quote A Shell. Hie following:—The lion. Alexander Shaw, deputy chairman of the P. and O. Steam Navigation Company, at the annual meeting of the Chamber of Shipping, moved a resolution supporting the action of the Government in offering all-round cancellation of war debts and reparations. Illustrating the inconsistency of the war debts’ position, he quoted a war-time experience:— “On the Western Front,” he said, “I happened to be the gun officer of a loin howitzer that flred a shell, weighing 16001 b., which destroyed a French chateau—as it was intended to do. Now, probably, the shell was paid for from the proceeds of an American loan. As a consequence its explosion created a gold debt due to die United Stales- of America as well as a Reparations debt due from Germany for destruction of French property. Tf the shell had been flred by an American battery at the same chateau and with the same purpose America would never have sent us a bill either for Ihe cost of the shell, tlio use of the gun’s crew, or the wear and tear of ttic howitzer itself. Sensible Americans would never have dreamt of such a tiling. But. have, they not, indeed, done something still more strange about that shell? They were saved the whole expense of providing the howitzer and of paying and feeding the officers and men who worked the gun. But in spile of having been saved all that trouble and expense they charged Great. Britain because she put herself to the cost and trouble of doing all these things."