THE FALL IN CONSOLS.
WARNING AGAINSTIOPTIMISM'i
PRIME MINISTERr'HfSPEECH. f -
By Telegraph—Press ■ Association— Copttlj'M., (Kco. May 10,. 0.33 a.m.) London, May % Mr. H. H. 'Asqnith, I'rimo Minister, speaking at a meeting of the 'Bankers' Association, said he had boon, inspecting tho fleet and it had suggested tlio thought that if this gigantic expenditure could some day be diverted to more fruitful channels it would rid the world of an incubus that was resting on some of its best aspirations, but while t.ho world remains in. its present temper Britain can»not neglect defence against, aggression. The debt) lins decreased by „EG5,000/)00 since 1900, while Germany's had increased by m,OOOMO, and Austria by during the, .same period. Tho fall in Consols ho attributed to tho increased area open to trustees, which was now estimated nt almost two thousand millions, and tho demand for higher interest which was accompanying trade activity. There were signs in tho industrial sky which were a warning against eomplncent optimism. Tho duty of the Government and tho business of the community was to solve the problem of the recurrence of strikes.
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Dominion, Volume 5, Issue 1436, 10 May 1912, Page 5
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182THE FALL IN CONSOLS. Dominion, Volume 5, Issue 1436, 10 May 1912, Page 5
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