Mr. Churchill began along speech at Dundee last Saturday by
affirming that the Government's offer to the Simi Feiners went " to the utmost limit possible." Upon the supreme issue of the allegiance of Ireland to the King they would not yield an inch. He saw no foundation for the prevailing optimism. It was not a conference that they -wanted, but a successful conference. He went on to speak of the world-wide depression in trade. A conference on the establishment of normal exchanges was, he thought, even more urgently needed than the conference on disarmament at Washington. Next to the disordered exchanges, the Socialist and Bolshevik agitation was the main cause that delayed the world's recovery. Lenin had ruined Russia, and the extreme Labour men had done their best to ruin Great Britain by political strikes. " One tenth part of the dose of Communism that had shattered Russia would kill Great Britain stone dead." A third cause of trade depression was high taxation. The Government, Mr. Churchill said, were resolved to reduce expenditure, so far as that was possible. He hoped to save £20,000,000 on Mesopotamia by next, year.
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