MR BALDWIN'S PRIVATE MEANS.

Press, Volume LXVII, Issue 20173, 27 February 1931, Page 9

MR BALDWIN'S PRIVATE MEANS.

» , —r~T r , - HEAVY, LOSSES IN SHARES. , • . \ _y v i , . , r { /r\ if "ij t ' Li 1 (riOV OUK o** COJIBJSSPOKDSKT,) . tONDON, JanuaiV io.\ Mr Stanley/ Baldwin, speaking <i<r ,the Engineering ana Allied' soeiation in Birmingham, j thfe fac|; that the shares'in his' old business, had fallen,-from £3 to lsr Sd.* <f When: I took office," he said, "most of. I had was' 'in that ancient, industry. The shares I hold now and which % held then could have been sold for to-day they, are -worth twenty \pencfe; There is to cataclysm on earth <, that can bring them back .to more than a. fraction of their , ancient value. If may have been bad business on iky-, part—many modern business men would say it was, I ought to have realised ,i|t the top of the market—But when l you have an old dame in business,' against which nothing has ever* b€ei "said in this world, when you know that' the ; publie has come into the business 1 on. the strength of that name, it is an impossibility to throw your shares on the market when'you .know that ,in „alt human probability the loss will fall on them and(iiot on you.'' Ho, I'nailed.my colours to the mast of tfiat ship of British industry, and T'do not regret it; "We have to regain oUr leadership, in induutry, and "that leadership involves the regaining of our paramount posi* tion.ip the export trade.' ; Protfcetiou will helg production,, and will a, Protection will give you that safeguarding behind which you, may eon- 1 serve' your .resources, modernise your plant, and develop your industry, and it will give' that psychological impetus that we all need sq badly. ' But it is no panacea. Gijtan that great assistance/ the cure is in your own' hands, and it depends "on yourselves, and youraelves 'alone, whjjtt you K can make of it." i