24 OCTOBER 1931, Page 44

_ RETRIEVING POLITICAL REPUTATION.

What might have been advisable in the way of tariffs, but for the sickly condition of other countries and for the abandonment of the gold standard by many countries, might not be equally possible or equally advisable under the conditions as they exist to-day. All that will have to be taken into consideration. Not only so, but if the present election should result in the formation of a strong Government with a large majority and demonstratively committed to a policy of economy, it is not at all im- probable that that very circumstance will, in itself, by reason of its effect upon public confidence here and abroad, bring about a certain revival in financial and com- mercial activity. I would, however, emphasize what I have stated earlier in this article, namely, that British prosperity and British credit have suffered much at the hands of her politicians, and the new Government must retrieve the reputation of British politics and statesman- ship, which has been sadly marred during theyost-War