BRITISH PROSPERITY.

Taranaki Daily News, Volume LV, Issue 48, 15 July 1912, Page 5

BRITISH PROSPERITY.

BOUND TRADE LIKELY TO ENDURE. THE FINANCIAL POSITION. By Cable—Press Association—Copyright. Received 15, 12.30 a.m. London, July 13. • Mr. Lloyd Gforge, speaking at a banke:'* dinner at the Mansion House, ■aid that the international situation was never better. There was nothing to create uneasiness. The prosperity of trade was Bound and likely to endure. The injury anticipated through the coal ■trike had not been realised. He did not anticipate further overpowering labor troubles. Mr. Alfred Cole, governor of the Bank ef England, said that for the last twelve months great industrial and financial un l Test had been experienced, accompanied by a feeling of insecurity as regards home investments. There continued to be encouraging investments abroad. Taxation had severely hit the breweries and land, and consols were at their loweat point during the present generation. The situation demanded the most serious attention, for what would be the position of the Government if it wanted to borrow on a large scale? He attributed the forcing down of gilt-edge securities largely to the death duties, which totalled i £129,000,000 in six years.