THE WAY TO RECOVERY

Wanganui Chronicle, Volume 77, Issue 130, 4 June 1934, Page 6

THE WAY TO RECOVERY

Sir, —The idea that the world’s only hope of defeating the economic foe lies in t<lie power of Great Britain’s wisdom and long experience in matters of State management is not a new one, and neither is it mere imagination nor verbosity. It is not an exaggeration to say that the task of clearing up the wreck and ruin, already made manifest by t‘he economic scourge throughout the universe, is now entirely left to the care of Great Britain. Therefore, since Great Britain is also the recognised bulwark of Christian religion and the favoured “trustee” of the human race, it’s obvious under the circumstances that she must in duty bound exert all effort to lead the nations back to a better understanding of goodwill, peace, and prosperity. The economic situation to-day would seem to appear to be hopelessly out of hand and beyond the control of tihe highest minds of the day, and aggravated into further complications nut of the depression’s making, but rather by the designed inclinations of the nations to retire into the seclusion of nationalism —no doubt with the preconceived idea of facilitating the making of “party pacts” between likely war allies. Aly proposals arc: That the British Cabinet respectfully bring under the notice of His Alajesty the King the urgent necessity in the interest of human civilisation, of inviting the Governor-Generals of the Dominions and other official representatives of His AJajesty’s other dependencies, including the Viceroy of British India and the Princes of tiho Indian States, to assemble in London at an early date to discuss and bo advised as to the wisdom of moving in a concerted action along the following lines:— (1) In establishing an Empire chain system of Imperial State Banks with the “head bank,”' situation in London, vested with the supreme prerogative of creating the specie of exchange and of controlling credit and curency. (2) In setting up a permanent Empire Trade Board in London consisting of the various High Commissioners and other official representatives of His Majesty’s other dependencies in Britain. (3) To co-operate with the United Kingdom in the matter of raising the strength, standard of efficiency and scope of the British Navy, on to a level to give it the necessary power to adequately defend our far-flung dependencies when- called, upon to do so. But such a programme is to be abandoned as soon as the nations sober themse’.vos to a better sense of their duty to God and Alan. (4) In the matter of setting up an Empire tariff wall against all foreign goods which can be produced or manufactured within the Empire. But such a tariff is to cease immediately internal trade adjustment are affected by the Empire Trade Board, already suggested in these proposals.—Yours truly, R. T. U. AIARUMARU.