BRITAIN’S CREDIT

Hokitika Guardian, 1 August 1931, Page 3

BRITAIN’S CREDIT

PROFOUND CHANGE. olHbuU Tieoj uiwuv..uuoii- lii tauikii*. LU-nDUN, July 130. “The Times;” m a leading article emphasises what it terms "tne proloutiU j disquieting change that has occurred in Britain's standing in the eyes oi the world, owing u» British credit being no longer an impregnable fortress, basiioned on the solve ney ot industry and on the honesty oi the national finance.” “The Times” gravely summarises the decline in the . overseas investments in Britain’s basic trade and the shipping and also her emp-oyint nt, and declares :—“Foreigners know that Britain is living beyond her means, and they doubt her power to co-operate effectually in lacing the wideworld, crisis.”

The paper blames the Government 'for ignoring the Unemployment Report, and points out that the Economy Committee offers a second chance, but says the acceptance of that second chance will involve, a complete reversal of policy. Britain's difficulties are due solely to the Government’s reckless financial policy, and it remains for Parliament to prove itself worthy of the country m the national uneigency.

A ROUND ABOUT WAY. LONDON, July 30. The British United Press Bans correspondent suggests that a solution ef uormany s trouoles may be round m France depositing twenty million* with the Hank o 4 international Sett.enients, at Basle, where it could be made available to London, instead ol being a direct credit to Germany from France. ECONOMY COMMITTEE’S REPORT, RUGBY, July 2«J. In the House of Commons, Iff. Hon. P. Snowden (Chairman of the Exchequer) stated that Jie anticipated that the report of the Economy Committee, which was appointed in .March Inert • to revise the national expenditrue, would he in the hands of Members before the House rises “ for the recess on Friday.

DO YOU KNOW THAT there are many uses for SANDER’S EUCALYPTI EXTRACT? -Althought really a medieinal preparation, because of its ourit.v, it in be used both intern illv i,id externally. Its beneficial effects are manifest when used internal!' i 1 .■•uses of enlds. flu. indigestion, flatullonee, or headm-ln-. Externally it is efficacious on account of its stimulatin'’ non-in itant action.and wonderful an tiseptie powers. . Cuts, sores, and In foeted wo’Mids heal rapidly when Iron* ed with SANDER’S EXTRACT. A Few drops in half a tumbler of wate used daily as a mouthwash will proven* nvnri'heoa and mo’’th infections. On account of its volatility SANP UR’S EXTRACT is easily and completely vaporised into a powerful anU septic vapour, whih, when used as ar inhalation is a very offer- 1 ive rowedror cold in the head, or infections of lbe nose Po sure of the quality