ADVICE FROM CANADA
[To the Editor of the SPECTATOR.]
SIR,—News comes to-day of the great majority gained by the Conservatives in the elections, and one must express the hope that they will not, as certain members of the party seem inclined to do, use their parliamentary majority for party advantages. If the present political and economic systems are to be preserved, then all must work for them, and the urgent task is the economic rather than the political one. To this end the following policy might prove effective :
(1) Stabilize the value of the pound in England. (2) Then establish a stable rate of exchange with other units of the Empire and with foreign countries who are not on the gold standard. (3) Assist in any world effort to increase the purchasing power of silver. (4) Impose revenue tariffs on manufactured goods, with preference for tho Empire. (5) Allow raw materials and food in free of tariff. (6) Establish a quota for food products, and use both the quota and tariffs for purposes of bargaining for Empire and foreign trade. (7) Bring industries, their processes, methods and machinery up to date. Use mass production only in those industries where it is economically necessary : in other industries, make high quality the aim and selling feature. (8) As employment increases, replace the insurance fund on an actuarial basis, and stop abuses immediately. (9) Put the Simon Report, or some reasonable modification consonant with good government, into effect in India.
Quebec.
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