MORE HOPEFUL OUTLOOK.
Without, therefore, in any way minimizing those causes of crisis in our own country, for which we have been responsible, such as extravagance in the National Expenditure, the abuse of the "Dole," high costs of pro- duction, and a defiance of the principle of the economic wage, I suggest that Great Britain has been contending against overwhelming odds in the matter of the conduct of their financial and monetary affairs by other nations. So long as we were committed to a continuance of the folly of unbalanced Budgets, unbridled expenditure and class legislation the forces operating against us from within as well as from without were so overwhelming as to impair general confidence and, indeed, were responsible for the pessimism which, I confess, has characterized the financial columns of the Spectator for some few years past. There is every reason to hope now, however, that we have been delivered from the opposing forces working from " within," and, always assuming that the Govern- ment resolutely pursues economy in the National Expendi- ture and legislates with a sole view to the good of the nation as a whole and for an increase in the national wealth as a whole, I firmly believe that we shall find it is still within our power to bring about better conditions not only at home but abroad.
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