WORLD CONDITIONS.

Taranaki Daily News, 29 December 1921, Page 5

WORLD CONDITIONS.

AFTER THE WAR. LONG READJUSTMENT PERIOD. Melbourne, Dec. 22. That trade conditions throughout the world will not readjust themselves for some time, probably for a longer period than most people realise, is the opinion of Col. Browning, head of the firm of Twiss' and Browning, England, who is on a visit to Melbourne. Colonel Browning was A.D.C. to Lord Roberts, and he accompanied the field-marshal during his visit to France in November, 1914, when he died. Colonel Browning was Controller of the Trade Clearing House, which became the War Trade Intelligence Department. Colonel Browning said that there was a possibility that the improvement would be as sudden as the decline. The world was experiencing unprecedented conditions, the aftermath of the war, and no one could predict when they would readjust themselves. The settlement must be slow in Great Britain, on account of the heavy taxation. It was extraordinary how the people of Great Britain met the taxation, and the inherent wealth of the nation was remarkable. Many people, however, could not face the double taxation on laud and income, and great changes in the ownership of land were in progress; in fact, the increased taxation had practically only begun to operate during the last year or two.