STABILISATION.

Hauraki Plains Gazette, Volume XXXVII, Issue 4921, 4 January 1926, Page 3

STABILISATION.

IMPRESSIONS OF BRITAIN. “REVIVING WONDERFULLY.” When told that tliere had been a good deal, of conflicting opinion among visitors’ from overseas as to the present state of .the Old Country, Dr. H. T. J. Thacker, who at Wellington last week by the - Tahiti after a tour abroad, said that there was no doubt that Engl'and was “reviving wonderfully.’’ Dr. Thacker, who was looking surprisingly well 1 after his trip, (states the Dominion) said .thg,t just ten dajg before they left London, no fewer than 47,000' of the unemployed went back to work. That in itself was a very wholesome sign. The reintisduction of the McKenna duties on motor-ears had stemmed the flood of American machines, and provided more employment in British factories. Apart altogether from those considerations, the British machine was being recognised as a superior product. The difficulty had become so acute, that American firms were actually trying to buy out certain big British motorcar firms. Another factor that went in the direction of Britain’s stabilisation was the wise introduction by 1 Mr Churchhill, of the duty on silk—a rigid duty—which has resulted in the springing into existence of mills for the manufacture of silk, and of course this, meant, more employment for the British workmen. These three factors were playing a big part indeed. Touching on the coal crisis, Dr. Thacker commended Mr Baldwin for his action jn granting the sum of £15,000,000 to assist the industry. This was certainly a big sum, but there could be no doubt as ,to the result, In the finst place it had. opened up the idl.e mines and ensured an adequate suply of coal for the winter. It had in a great measure administered a staggering blow to the Bolshevists and preachers of the Red doctrine in the mines. The whole question was to be gone into next May. British firms were receiving big or-, ders for hydro-electric supplies. “No,” paid Dr. Thacker, in conclusion, “I don’t care what anybody says, Britain is reviving wonderfully.”