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Hokitika Guardian, 19 May 1927, Page 2

Ax optimistic view of the outlook tor world trade and of Britain’s share in it expanding was expressed by Air Philip Snowden recently, lie said all'hoped that the -Russian Government would realise the importance and the necessity. in the interests of the country itself, of turning their attention to in-

tcrnal economic roconsf’.'Uction and turning away from their wild dreams of provoking a disastrous world revolution. If economic prosperity returned to Russia and she entered into intimate commercial relations with tiie other countries of the world, she would, with her vast population and unexploited natural resources, give a wonderful stimulus to world trade. it was sometimes said that Britain could not expect, in the future to he aide to retain that proportion of the world's trade which it enjoyed for two or three generations. He did not share that view in the least. He was quite sure that, with a recovery of world economic conditions, the country would not merely recover, hut should increase, the former volume of its trade. Human ingenuity could not conceive the great unexhausted and undeveloped markets of the world. If the standard of living of hundreds of millions of people in India and China, and Africa wore raised to the standard of living of the people of Britain, what an incalculable demand for increased production there would he! ITo profoundly believed that wonderful as had been the developments in trade and commerce and production since the industrial revolution of 130 years ago, those would historically fade into insipnifianee, compared with the wonderful developments that were coming.