Page 2 Advertisements Column 4

Hokitika Guardian, 30 August 1930, Page 2

BANKERS AND FREE. TR ADE. - “The bankers,” staters tli^s. Daily Telegraph’” “are experts .in economics and finance, and till now the whole weight of their influence has been cast virtually solid for Free Trade since the fiscal controversy began a quarter of a century ago.;' Now at a single stroke their support is transferred from the Free' ‘ Trade camp to that of its assailants.'; It is not that the bankers havd. changed their views on principles. ers they necessarily desire thief free interchange of goods between? this country and the rest of The larger the volume the large# their business profit. What they isubfiCrFned to in the international manifesto in 1926, signed by banking andr business men of sixteen they would subscribe to to-day—vi’zjf; that trade is not war, but the process of exchange. But the faith to which they then clung, that opinion in all countries was awaking to the dangers ahead lias unhappily not been '.justified. There has been no movement toward Free Trade—not so much.; as a back eddy. Here is a frank confession. The water Inns got in among the foundations of Cobdenite jtFree Tade at last and the walls are visibly crumbling.”

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