CHANCELLOR AND FINANCE.
AN IDEA SCOUTED. [UNITED PRESS ASSOCIATION—COPYRIGHT] LONDON, July 19. Several newspapers fasten on Mr. Lloyd. George’s expression yesterday that one reason for the depreciation of British securities was a conspiracy to run them down. This had been operating during tlie year on platforms and in the press. When there existed an organised attempt to decry and disparage securities, tlie result must affect the inai'ket. The “Times” ridicules the notion, and adds: “Mr. Lloyd George as First Chancellor has never shown a disposition to consult financial men in the city and elsewhere who understand the bread aspects of finance. He has adopted an attitude of antagonism, and has disdained co-operation, trusting to his headstrong ignorance.” The Finance Bill was road»a second time by 269 to 221. Mr Lloyd George defended the Bill in a policy speech devoted to a refutation of the suggestion that Consols and other gilt-edged securities owing to Radical finance. Mr. Bonar Law attributed the. disquiet in the city to speeches advising people to take from the rich in order to give to the poor-
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Gisborne Times, Volume XXX, Issue 3581, 22 July 1912, Page 6
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180CHANCELLOR AND FINANCE. Gisborne Times, Volume XXX, Issue 3581, 22 July 1912, Page 6
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