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Hokitika Guardian, 7 April 1933, Page 4

“It is the greatest possible mistake ever to let either an undue optimism or an undue pessimism get a hold of you, because the one lias a blinding and the other a strangling effect,” said the Prince of Wales at tne British Industries Fair dinner. “I believe that, because of the world-wide determination to apply the correctives needed to bring about the long-delayed revival'of trade, there is despite •setbacks, a growing feeling of confidence. If the paradox of millions of people haunted by poverty and demoralised by lack of employment, while living in a world rich in (actual and potential resources, is to be destroyed, this determination must never flag, and it must be world-wide again. Hands have not lest their cunning, nor brains their fruitful capacity for new and profitable ido.is. We are pulling through slowly, but in the process there must he no narrow nationalistic exclusiveness. The doctrines of economic self-sufficiency and excessive nationalism spoil disaster in the changing conditions of modern life. No individual producer, no industry, and no nation can command economic destiny single-handed, nor can it pull through alone. All the nations are realising more and more that they are economically inL rdependent, but, in spite of this encouraging fact, we have not c-.s yet found a fully effective fonn of international co-operation nor a practical way to reconcile limited consumption with unlimited production. We in this country fey.] that we are now building strongly for the future, for our trade, and for world trade. We must no longer bo influenced b - the bitter remembrance of the unfulfilled hopes and jdisillusionments of recent years. We must try to- look forward with our heads up and our tails up, not with a slack optimism,

but with sane wisdom, confident, that our full recovery in world trade must be slow, yet the more likely it is to lie certain and lasting.”