OUR OWN AFFAIRS.
There were, however, other circumstances directly responsible for the withdrawals of gold from .this market, and for the lack of confidence abroad which prompted them, and that brings us to a remembrance of what has really been the remarkable feature of the year. I might describe that feature as the downfall of the Socialist administration and the substitution of a- National Govern- ment, but that would not be quite fair or a sufficiently comprehensive description of the situation. For while it is true that Socialist expenditure and Socialist legis- lation were largely responsible for the crisis of last August, and, -ultimately, for our being driven from the gold standard, the fact remains that previous Governments had pursued a course both as regards the conduct of the National Finances and as regards general legislation which had inflicted great injury upon the economic and financial situation of the country.
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