15 JUNE 1907, Page 1
In this context we may note the statements made in
the Standard and Morning Post of Monday as to the decline in German trade, showing that the unparalleled period of industrial prosperity which began in 1902 is now approaching its termination. In the words of the National Zeitung, "the laconic bulletin of the Dusseldorf Iron and Steel Exchange makes this fact clear beyond all doubt, and gives the stamp of official confirmation to predictions of the approaching decline in the industrial prosperity of Germany." This statement, coupled with the crisis in the South of France, and contrasted with our own trade figures, may give pause to those who argue that Protection must spell continuous com- mercial prosperity and Free-trade continuous decline.
