The Times. PUBLISHED ON TUESDAY AND FRIDAY AFTERNOONS. FRIDAY, JANUARY 4, 1918 TRADE AFTER THE WAR

Pukekohe & Waiuku Times, Volume 7, Issue 342, 4 January 1918, Page 2

The Times. PUBLISHED ON TUESDAY AND FRIDAY AFTERNOONS.

FRIDAY, JANUARY 4, 1918 TRADE AFTER THE WAR

"We nothing extenuate, nor set down aught in malice."

Discussing the question of German trade after the war, in an article in the "Quarterly Review," Mr William Harbutt son says the time cannot now be far distant when the old commercial rivalry between Great Britain and Germany will be resumed, and it may therefore be useful to consider what sort of an antagonist we shall then have to reckon with. Mr Dawson does rot agree with those who believe that Gei many will be easy to beat in the future, since Great Britain has obtained a good lead. In spite of I all its sins the German nation still remains the best-orgalised community in the world. We may count with certainty upon a large reinforcement of the principle of organisation in that country. Germany rightly attributes that success »in protracting the war so long, in spite of blockade and boycott, to the wonderful faculty for organisation which is characteristic of her people, and is displayed in every department of her life, and in economic life in particular. The industrialists are organised on a scale equalled in no other country ; but so also are the agriculturists, the merchants, the handi craftsmen, and the working classes. Again the bank ing business of the country has been organised so effectively that it is now concentrated in a handful of huge concerns, not a little despotic in the use which tliev make of their power, yet unquestionably weildiug an immense influence favourable to the expansion of industrial and commercial enterprise. Organi>ation, combination, and Stale collectivism are the distinguishing marks of f.erman economic life ; and Mr Dawson looks tor furihei progress on all these lines If Great Britain is to compete successfully with Germany alter the war, she nni't abandon her Lord-will-provide" attitude, trusting less to chance and more to system.