WORLD SLUMP

Hokitika Guardian, 1 August 1932, Page 5

WORLD SLUMP

PRINCE'S SPEECH DISTRIBUTION OF LABOUR. (British Ofjiciul Wireless.) RUGBY, July 30. When the. Prince of Wales visited tile Jnt.en-.aiioi.ul Congress on Commercial Education, at vlu.li 3u nations are lvpieseated, the Piesident M •t hanks Boisseruiu, of Ho.iatul, intro.lured h,m i.,s “the first coiiimeroi.il ambassador of the world.” Curing an ai.hlre.vs, the Pii'.ie© sail that tiio hard lesson of adversity had taught them that the prosp.rity of all or the nations depended on the prosperity of each. In these days oi vsvvlit tr-cu sport and communication and of interlocked com mere, u and finance, it was increasingly t.ue that nations Could not live io thorn-© ves. alone. He said: “That- this truth is penetrating the minds and Government policies and actions of the nations in a. growing measure has recently been demonstrated most happily at Lausanne. This international conference may well express its delight that at I ansanne lamps of hope and confidence were lighted, fund that a spirit of .international co-operation and goodwill l is burning more brightly than for any time within living memory. “For this wo may all tie profoundly grateful. The world wide trade depression and economic disturbance has been largely caused by the maladjustment of distribution, The potential output is far greater than ever before. If all of tli'ei employable labour were to be employed for a reasonable number of hours per week, the world would, have at its disposal a volume of commodities and services that would enable the entire population of live on a. higher level of comfort and wellbeing than’ ever before contemplated tp thb rosiest clreams of the social reformer. The urgent task is to bring consumption and production into a proper relationship. It is not a simple, hut is quite a povsi-ble task.’-’