30 JANUARY 1926, Page 34


I am glad, therefore, to lay the more especial emphasis upon the fact that Mr. McKenna, in concluding his review of the events of the past few years leading up to the Gold Standard, expressed the opinion that the goal had been reached, that the years of depression had been a testing time for us and a warning to put our house in order. The exceptional depression, he added, "has been largely due to temporary financial conditions and, for the reasons I have given, I have strong hopes that these are now coming to an end."