2 JULY 1921, Page 9

Our belief in the revival is strong in spite of

the terrible blow that has been dealt at the nation's credit and the breakingof the foreign habit of buying coal and other products here. Trade is a curiously tough thing, and it is surprising how it will revive when credit and the sense of security are restored. The Revolution in France in 1848, the terrible nature of the civil conflict, the destruction of trade which followed the mad Socialism of the Provisional Government, with its recognition of the right to work and the Tight to doles and the right to everything but serious work, one would have thought, must have destroyed French commerce for a generation. Yet when security came back after the election of Napoleon III, as the saviour of society a huge trade boom was the result. Let us accept the omen save in the 'matter of a military saviour of society. That is

the kind of thing we have no use for - here.. - -