16 APRIL 1932, Page 32


Unfortunately, however, we are living in times when it is quite impossible to take a merely local or parochial view of the situation. If there is one lesson more than another which is beinggradually driven home to the various nations it is the need for mutual interdependence, if there is to be anything like permanent and general prosperity. As a result of the Great War victors and vanquished alike have suffered incalculable damage from the years of hostility, and although for a time it seemed as if the United States and some of the neutral countries had reaped benefit from the conflict, subsequent events have shown that the prosperity was of a dangerous and elusive char- acter, while post-War conditions have reacted with increasing severity upon almost every part of the World. Whether such ill-effects would have been as far reaching and abiding as they have been if, with the cessation of hostilities, the War spirit had also been exorcised, it is difficult to say, but unquestionably one of the greatest bars to a recovery in international confidence and inter- national prosperity is to be found in the lack of good will and co-operation between many nations. Conference after Conference takes place, with little or nothing in the way of material results.