11 MAY 1929, Page 34


Finally, of course, there is the possibility of the election resulting in something like a stalemate, with the Conser vative Government returned to office, but with its power greatly crippled so as to make the task of legislation a difficult one. In such a case the Stock Markets would also fear for the effect upon securities because it would be urged that the financial policy might be shaped too much with a view to pleasing the Opposition, while, in the second place, the prospect of the new Parlia- ment having a short life would create a feeling of uncertainty akin to that which now exists on the eve of the General Election of 1929.


(Far Financial Notes see page 760.)