6 AUGUST 1932, Page 1

Finally, the statement shows how the industries of the Dominions

had been fed and nurtured by capital from this country, without which they could not have been started or carried on. That process is still at work, and offers a business man's proof that we still want those industries to prosper. The reception of the statement at 'Ottawa has been favourable. The quota- tions that we have seen from the Press of the Dominions, particularly from New Zealand, show a gcoi under- standing and a heartening good will. The South African delegation has formally replied in detail, picking some holes in the figures and arguments, but the tone is correct and friendly. We publish elsewhere an account that has reached us from Ottawa of the first days of the Conference.