15 OCTOBER 1927, Page 2

On Thursday, October 6th, the Prime Minister -for ,the fifth

successive year addressed a mass meeting of the Unionist delegates. He said that he had gone to Canada with the one abject of exploding once and for all the insidious legend that this country was played out. As regards, industry, he had great hopes of the new movement for reaching peace in industry by direct negotiations within individual. trades between masters and men. " That is the right way." He rejoiced in the new note at the Trades Union Congress which accom- panied abuse of himself, and he agreed that the Govern- ment should " keep out of the picture." Agriculture was causing the Government grave concern. At present there was no machinery for long-term credits for farm mortgages, and the Government recognized that the machinery must be created. He promised that the Government would make known their views on House of Lords reform before the end of this year, and he ended up by expressing his preference for a " national " over a purely party policy. We have discussed this matter in our first leading article.