BRITISH RELIEF

Hokitika Guardian, 3 February 1931, Page 6

BRITISH RELIEF

FINANCIAL ASPECT

(British Official Wireless.)

RUGBY, January 31

I lie President of the Board of Trade (Hon. William Graham) in a. speech at Sterling lasi night, expressed agreement will) the Liberal Party contention that the existing development schemes for stimulating employment must be accelerated and extended. Except a to the met hod of financing national schemes there was probably no real difference of opinion between Labour and Liberal resolutions which the Liberal- leaders bad tabled in the House of Commons. The Liberals suggested a large national re-construction loan. The Government said the scheme must be approved in advance. Proceeding, he said that the leading industries required drastic reconstruction, and in view of | the gravity of the industrial situation on old party division schemes became meaningless. No one now proposed a form of socialism involving central management from the seat of the Government. He was convinced that the trust concentration now taking place must shade into a public corporation. He did not believe that the economic j change was taking that possibility out of its bands, its true course lay in 'determined efforts to build up a system of public corporation, especially in great monopolies of quasi-monooplics in industry.