A GREAT OPPORTUNITY.
At the time when Mr. Winston Churchill was appointed Chancellor of the Exchequer most people recognized that the task before him was a formidable one, but the City was not disinclined to favour the appointment because it was believed in the first place that Mr. Churchill was a man of wide vision and, in the second place, that he possessed considerable courage. It is in this latter direction that there has been disappointment that the recent Expenditure Estimates should have shown such small reductions, especially in the Civil Service Departments. If the Chancellor of the Exchequer has the breadth of vision attributed to him he will see that it is imperative that there should be an early diminution in the unproductive activities covered by State expenditure, so that resources may be set free for ministering to private enterprise, which alone can provide both the employment for our people and the revenues required by the State.
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