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-PORTHCAWL'S GAS I
PORTHCAWL'S GAS I STORMY MEETING AT URBAN DISTRICT I COUNCIL. ACCOUNTS PASSED. I Several stormy scenes characterised the special meeting of the Porthcawl Urban Dis- trict Council, held on Friday under the chairmanship of Mr. R. E. Jones, to consider the accounts for expense incurred in the gas arbitration proceedings, a sum of £ 600, which included a fee of £ 200 for expert advice given by Mr. C. J. Spencer, of Halifax. The deputy clerk (Mr. G. H. Brown) said Mr. Spencer's account was for raising.a loan of £ 40,000. In view of Mr. Spencer arrang- ing a permanent loan the total cost would be £ 1 5s. per cent., and credit would be given at the rate of 10s. per cent., resulting in a net charge of 15s. per cent. for the permanent loan, should he be able to arrange it. Mr. D. Davies: Were any arrangements made with regard to the expense to be in- curred by Mr. Spencer's visit previous to the rendering of this account ? The Clerk (Mr. Evan Davies): No, no ar- rangements were made. Nothing was agreed to beforehand as to what his conditions would be. Our anxiety was to get the loan. The Chairman: You must be well aware, gentlemen, that Mr. Spencer has been doing this kind of work for local authorities all over the country. Mr. D. Davies: Does the legal clerk think that the charges were made in the usual way, and are the charges reasonable? The Clerk: I consider they a,re reasonable charges, certainly. In normal times I think we should have been able to fix our own price to a certain extent, and had there been no war I think we could have dispensed with Mr. Spencer's services altogether as far as the obtaining of the loan is concerned, be- cause we could have got it in 100 places. Mr. D. J. Rees: But these are not normal times. I really don't think we should be called upon to pay such a large sum as t200 when the Local Government Board has specially requested us to economise in every possible direction. I think we might very well ask Mr. Spencer if he can see his way clear to make a reduction. We might then favourably consider his claims when we come to apply for a permanent loan. In addition to this I un- derstand that the duties will amount to an- other t50. Mr. T. G. Jones moved that the account in question be paid. Mr. Spencer had rendered v jilu&hle service to the Council, and he thought they had a great deal to be thankful to him for. Other towns were paying more than this, and he thought the amount quite a reasonable one. Rev. D. J. Arthur seconded. Mr. T. James: But I want to know when this was authorised, and by whom. There has been no resolution passed at the Council meet- ing with regard to the engagement of Mr. Spencer, for if there had been I should have heard of it. I was told by the auditor that we had no right to do what we have done in regard to the loan by the Bank. Some of the gentlemen here heard the auditor say so. I then said just what I say now-that a lot of this has been done behind the backs of the members of the Council, and I have no know- ledge of it having been brought before the Council in the usual way. I don't mean to say that the committee have done anything wrong, but I simply ask that the information I have already applied for may be provided. I had no idea that Mr. Spencer's duties were other than those of an adviser to the Council. I am not opposed to the expenditure of the money, but I want to be clear on the matter. The Clerk: The question raised by the auditor was merely a technical one as to a loan account being opened at the Bank in- stead of a suspensory account. The matter has been before the Council from time to time, and the old Gas Committee was given, plen- ary powers. Mr. James: Then if the committee was given plenary powers there is no need for a resolution by the Council. Mr. T. G. Jones: Mr. Chairman, it is really despicable that this sort of thing should be said after all that has been written and said in regard to this bill. I think it is down- right disgusting, and I can't understand any man talking like this unless there is some- thing wrong with him. The minute book was produced, and Mr. Jones read several resolutions passed by the Council from time to time in regard to the matter. The Chairman: There were plenary powers given the committee to secure the best terms obtainable. Mr. T. G. Jones: The Public Works Loan Board, from which we usually get our money, would not grant us a loan for this purpose. Mr. D. J. Rees: I shall move an amend- ment. We have had it from the legal clerk that in normal times we should not have to pay such a big bill as this, and surely, seeing the serious times through which we axe pars- ing, we should be very careful before we vote away such a large sum of money. We a.re keen enough when it domes to dealing with some of our own employees, and only the other day we knocked a shilling off some of the workmen's wages for overtime. I don't think we should be quite so ready to vote awav a large sum of money like this without oritrcism, and I think we should appeal to Mr. Spencer to see if he can't reduce the am- out a bit. He knows that municipal bodies are going through very trying times, and I am afraid we have not yet seen the worst. Mr. D. Davies (seconding): I don't dispute in any way the engaging of Mr. Spencer, but I was not in the know of everything that was going on, because I was not on the committee. You can understand now why I asked where the money was coming from. The matter wfw left to the Parliamentary Committee. and t'hpl wlien anvnne asks for infor-matirm Mr, T. G. Jones eives that cutting reply. The Chairman: Don't you think, gentleman, now the thing has been explained to you, that I 10s. per cent, is not an abnormal, but a low figure ? j Mr. D. Davies: But is there anything un- reasonable in asking Mr. Spencer to make a reduction The Clerk No, there is nothing unreason- able in it. I should say always get anything off that you can. Mr. J. Grace: I don't think this has been worthy of any discussion. These gentlemen know that Mr. Spencer visited the town twice in the interests of the ratepayers, and did not charge anything for those visits. That was worth zC40 or R50. I cannot help wonder- ing, when I hear all these tales about the terrible times through which we are passing, whether it comes from the head or whether it comes from the gas works. I feel the hard times, but I also feel that the Council should pay what it has to pay. We acted in accord- ance with the advice, good advice, given us by Mr. Spencer, who did very valuable work. As to this talk about some things being done behind the backs of the members I know noth- ing about it. If it is behind it will no doubt come to the front. I have heard this sort of thing so many times round this table before; there are some people who want to cut down everything. You engaged the services of a first-class man, but apparently you don't want to pay a first-class fee. You seem to want the services of one of the best financial men in the country without paying for them. If you want cheap men you should advertise for them. It appears to me there is a little bad feeling because all the members were not in the know as to what was being done by the committee. That seems to be a sore point, but it need not be, for everyone could not be on it. I can tell you I am verysorry I was on it. (Laughter.) I would very much rather some of these other gentlemen here had been on it, and then they would have known something about what has been going on. We were not opposed outside, but inside. Do let us bury the hatchet, and pay up like men, and let the town look well in the eyes of the world, I have heard people in the train laughing about what took place at last Monday's meeting, and I don't like the Council to be a laughing-stock. If my friendte are not satisfied I appeal to them to give way to us. (Mr. Davies: "Oh!") These gentle- men have gained all they wanted. A full re- port of this meeting is being taken, and it will appear in the Press that they are the champions of economy. They will get all the credit for it; and if it will satisfy them it will satisfy me. I would ask them to oblige me- (laughter)—by paying this money, and being loyal to the town. Mr. D. J. Rees: I have no feeling in the matter, because I was not a member of the Council at the time, and therefore it was im- possible for me to be on the committee. Mr. T. G. Jones: How many more times is Mr. Rees going to speak? Mr. D. J. Rees (continuing): As I say, I have no feeling in the matter, but I cannot see what harm there can be in appealing to Mr. Spencer to make us a little reduction. I am sure Mr. Grace and Mr. T. G. Jones would be pleased to see some reduction made. Mr. Grace (decisively): No, I should not. Mr. T. G. Jones: To a point of order, Mr. Chairman. How many more times is Mr. Rees going to speak? He has been speaking nea.rly ail the time, and he is only saying the same thing over and over again. We are just like a. lot of children. Mr. D. J. Rees: Mr. Chairman—' Mr. T. G. Jones: Mr. Chairman—' The Chairman: Order, order! Mr. T. G. Jones: You don't—' Mr. D. J. Rees: How many chairmen are there? Mr. T. G. Jones: Well, you're only going over the same old ground again. Mr. D. J. Rees: I am doing nothing of the sort, I am answering Mr. Grace. The Chairman: We will allow it this time. Mr. T. G. Jones: Well do keep it short. Mr. D. J. Rees: I am only answering Mr. Grace. Mr. J. Grace: And of course I shall have to answer you. (Laughter.) Mr. D. J. Rees: Well I don't mind. You (to Mr. T. G. Jones) seem to be chairman, clerk and everything to-night. Mr. T. G. Jones: Well you went and told your friends at Bridgend all about it. Mr. D. J. Rees: But we don't know what you do when you get to Cardiff. Mr. T. G. Jones: We advocate margarine; that's what we do at Cardiff. The Chairman: Order! Mr. D. J. Rees: Never mind; I try to save the ratepayers' money if I can. At any rate, I have got the courage of my convictions. Rev. D. J. Arthur: Do I understand the Clerk to say there is nothing unreasonable in the request for a reduction ? Mr. D. Davies: Surely there is no harm in asking for a reduction. Mr. D. J. Rees: You have spoken once, Mr. Davies. (Laughter.) Mr. T. G. Jones: And there is nothing un- reasonable in the charges, either. The Clerk: No;, there is nothing unreason- able* in the charges, having regard to the ab- normal circumstances. It is all very well to shout about the charges now, but how many would have objected to pay Mr. Spencer £ 300 or t400 for obtaining this loan last March, when that award was made? Mr. Spencer has spent a lot' of time here. Abnormal cir- cumstances have cropped up, and the money could not be obtained anywhere. There is not another bank that would have let us have the money at this price in view of the circum- stances, but because arrangements had been made with Mr. Spencer the bank officials stuck loyally to their promise. The ratepayers will see the members of the Council have done all they could to keep to the lowest possible figure. The Chairman: Yes, and when you take into account the great amount of Labour that has been put into the work I think it is very hard lines if Mr Spencer is to be asked to make any reduction. Some of the work he has done he has not charged for. I think it will look very bad on our part to ask him to make any reduction, because I think he has met us very reasonably in the matter. One gentleman has remarked! that we tried to dock some of our workmen of a shilling. I can only say I don't remember such an incident since I have been a member of the Council. Mr. T. G. Jones: I should not take any notice of that, Mr. Chairman. The vote was then taken, and resulted as follows:—For the amendment to ask Mr. Spencer for a reduction: Messrs. D. J. Rees, D. Davies and T. James, 3; against, Messrs. R. E. Jones, T. G. Jones, J. Grace and Rev. D. J. Arthur, 4. The resolution for the payment of the amount was carried, and the other items com- prising the bill were adopted practically with- out discussion
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Peeps at Portheawl J By MARINER. « In face of the legal clerk's advice at the Council on Friday regarding the expenses of Mr. Spencer, the ,a.s expert, for work in con- nection with the purchase of the gas under- taking. the Council had better pay up and look big. It was a good thing, however, that the subject was discussed, so that'the rate- payers can understand where they are, for the Council carries out its business in a very pecu- liar manner oftentimes, and naturally the people are often confused. They have been kept in the dark over much concerning the gasworks, and it is time that all facts of in- terest to the ratepayers should be brought forward in public meeting, and at the ordin- ary Council meeting, too. Members were quite right in seeking an explanation concern- ing the bill for £600, and now that that ex- planation has been given I see no reason, and apparently the legal clerk is perfectly satis- fied that the charges are reasonable, why it should not be paid. But I must, in justice to the public, ask if this payment will mean the last of these large items of expenditure. The gj--works is costing us a pretty penny after —a lot more than the figure we were told—and I am really afraid that, although it is war time, we are not o it of the wood yet. t < < Are we likely to have a municipal milk supply ? I hardly think so, although one does not know what a Council like ours may do. They may start a milk supply, but not a bread supply they may enter business for the sale of milk, but dilly-dally with their own business. That is why the water ques- tion is hanging hre so long. Mr. Dan Davies was responsible for the scheme, and in fairness to the ratepayers lie must push the matter forward now. However, now we are on the question of milk, it is to be hoped that the Council's efforts to get the local milkmen to see the error of their ways will be successful. but only competition will do it. That is my opinion. Then they must tackle the bread question. Why leave that alone? Why not bring to the notice of the Chancellor of the Exchequer sources that he can tap for war profits ? And yet local bakers get their water for the making of bread for a ridiculous figure. TH Chairman of th: Council has received a letter from Corpo al H. N. Smith, of the Grenadier Guards, in which was enclosed a plate bearing the inscription: "Presented to the 2nd We sh by the townspeople of Porth- cawl, through T. Elwood Deere, J.P." The writer to the letter says: The enclosed plate I round at Vermelles, and by the inscription thereon, thought that you would perhaps be interested and pleased to receive same. I know nothing whatever of any event which would be likely to be of use regarding same, but I thought perhaps the plate might prove a clue of some kind." The plate was one placed on an ambulance carriage sent out by the town to Captain Furber, as a result of subscriptions raised in Porthcawl in May last. « ? I noticed in last w,k': "Gazette" a refer- ence to a kindly act performed by Inspector Rees Davies in assisting a soldier stranded from his regiment. It is a pleasure to find the same qualities existing among out police officers at Porthcawl. Men were sent here tc join the Bantams after they had left the town. These men were stranded. But the police officers made them comfortable, gave them shelter for the night, and no less than fifty were provided with a good meal in the moining, the money being subscribed by the officers themselves. So warm hearts beat under blue tunics at Porthcawl. too. < <. On Saturday afternoon a presentation of a silver-mounted Malacca cane was made to Mr. W. J. Farrow, by the local detachment of the Red Cross in recognition of the interest he has taken in their weekly drills. The pleasing ceremony took place after a tea given by Miss Llewellyn to the members of the Red Cross at her house, Tvmains. Miss Llewellyn made the presentation on* behalf of the ladies. o 0 The 23rd (P ioneer) Welsh Regiment have got a splendid band, and Porthcawlians are hearing some beautiful music. Under Band- master J. A. Collins they gave a fine concert at the Pavilion on Sunday, and it is hoped that they will be heard more often. There was a big audience. One of the favouri te se- lections by the band was a march, Stick it, Welsh." in memoriam to Capt. Haggard, the hero of Mons. Other items were:—Selection, "Reminiscences of Wales" (Godfrey); song, Sincerity." Madame Griffith Moles; trom- bone solo, Lend me your aid," Musician F. Page; song, Duty's Call." Musician Davies; patrol, Welsh" (Robinson), first perform- ance; recitation, "Relief of Lucknow," Miss Clatworthy; violin solo, L. Beckwith; idyll, "Love in Idleness" (Macbeth); xylophone solo, "Granville," Musician S. Beckwith; song, Until," Madame Griffith Mole; nauti- cal Fantasia, "Voyage in a Troopship." The accompaanists were Messrs. W. Jones and S. Beckwith. Major James thanked the people of Porthcawl for turning up in such large numbers, and made a short appeal for re- cruits. May I ask Porthcawlians to make the lol- unteer Training Corps a more successful or- ganisation than the local movements which have preceded it ? The coast patrol was an honest endeavour to do good work no doubt, but, after all, it has been a bit of a farce, hasn't it? However, the Volunteer Training Corps is now recognised by the Government, and at a meeting on Tuesday the scheme was thoroughly explained by Mr. H. Middleton and Mr. J. A. Jones, of the Cardiff body. There was a number of recruits, and at the meeting much enthusiasm was displayed. May it continue. Local jealousies have spoilt many a good movement; don't let the same be said concerning this.
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Nursemaid: "I'm goin' to leave this place, mum." Mistress: "Why? Don't you like the child?" Nursemaid: "Oh, yes, mum. but 'e's that afraid of a soldier I can't get 'im near efine. "Punch."
ITHE PRICE OF MILK.I
I THE PRICE OF MILK. PORTHCAWL VENDORS FAIL TO MEET THE COUNCIL. ANOTHER CHANCE. I A special meeting of the Porthcawl Urban District Council was held on Friday evening, Mr. R. E. Jones presiding. At the previous meeting of the Council Mr. T. G. Jones had moved that the milk vendors of Porthcawl be asked to meet the Council and explain the treason for the increased price of milk. The deputy clerk (Mr. G. H. Brown) said h3 had received a letter from Mr. W. J. Wis- by, of the Manor Farm Dairy, John Street, stating that he had not been appointed secre- tary of any milk vendors' association, neither did he know of the existence of any such as- sociation. The Chairman: I understand there is no one here, gentlemen. The deputy clerk: That is the reply. The Chairman: Mr. Wisby says he has no connection with the Association. Mr. J. Grace: Why did you write to him? The deputy clerk: I understood from Mr.- T. G. Jones that he was the secretary. Mr T. G. Jones: I understood we were going to have a deputation from the milk vendors. I don't know who is the secretary, but I do know that certain matters in connection with the price of milk were published, and I am given to understand that the advance was an organised one. As we have given these people an opportunity to meet us I now move that unless they meet us by Friday the Accounts Committee inaugurate a milk supply for the benefit of milk users in Porthcawl. The Clerk (Mr. Evan Davies): Where will you have the dairy; opposite the gasworks? Mr. T. G. Jones: I am serious. I have every reason to believe that the price of milk was only advanced 2d., but the advance to the consumer is 4d. I am not blaming the whole- sale man, but I do think that the retailers are taking advantage of the abnormal times to increase the price of this commodity by 100 per cent. to the consumer. I think milk could be delivered in Porthcawl for about Is. per gallon all the year round. There are plenty of people who wouM be ready to bring milk into the town by arrangement with the Coun- cil at that price. Mr. D. J. Rees: What about the bakers? Mr. D. Davies: We were told some time ago the money of the Accounts Committee could not be spent except upon the rates. It is as well we should know exactly where we are before we go into the matter. The Chairman: We are only discussing the question of getting the milk sellers here to meet us. Rev. D. J. Arthur: How will you get them here if they have no association and no secretary ? Mr. J. Grace: There is no doubt that they held a meeting, and nearly all of them atten. ded, and the price was raised. Mr. D. J. Rees: If you are going to deal with bread as well I am ready to support it. We have accepted a tender at the Board of Guardians for the supply of bread for six months at 5fd. for a 41b. loaf, while it is sold here at 8d. The Chairman: The only thing is where are you going to get the money ? It was agreed, on the suggestion of Mr. T. James, that the words "Accounts Committee" be deleted from the resolution. Mr. D. Davies: Will you include the ques- tion of bread as well? The Chairman: I think you had better take one thing at a time. I don't know that the other is in order. The deputy Clerk: Quite out of order. Mr. Jones: I was approached by a milk ven- dor, and he gave me to understand that some- one would be here this evening with a. proper defence. In the absence of such a defence I am prepared to allow them another week. There must be an organisation, because for a universal advance there must have been an organised agreement. It was agreed that the vendors should be given another week in which to meet the Council.
BETTWS. I
BETTWS. I HARVEST FESTIVAL.—On Sunday the harvest festival was held at St. David's Church. The church, which lends itself to decorations, was most chastely and beauti- fully decorated by members of the congrega- tion. The preachers were the Revs. Rees Davies, B.A. (vicar of Caerau) and the Rev. W. Ooleman Williams, M.A. (vicar of Oaer- weat). The services were fully choral, and the choir acquitted themselves remarkably well. The anthem was "Seed time and har- vest (Simper). Miss S. A. Riggs presided ^t the organ, and the rector conducted the ser- vices. The offertories, which were a record, were in aid of the Welsh Hospital at Netley, and the Church organisations.
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About the War. WHAT PEOPLE SAY. I monstrous wrong?" I A Cancerous Growth. I Canon Alexander referred to the death of Miss Cavell in his sermon at St. Paul's Cathedral on Sunday. The act which had horrified the civil- ised world was, he said, worthy alike of the men who conceived it, of the men who ordered it, and of the men who perpetrated it. Like the §inking of the Lusitania, nothing that had hap- pened had done so much to harden the already ''immutable resolve of the country to make an utter end of this cancerous growth in human I life. Miss Cavell's Murder. n. I I I ? I The Bishop of .London preached at a Tratal- gar Day service at the Church of St. Martin-in- the-Fields. He said :-H The sinking of the Lusitania will always stand out as one of the greatest crimes in history, although, if I am not mistaken, the cold-blooded murder of a poor English girl deliberately shot last week by a German officer for harbouring some poor refu- gees will run it hard in the opinion of the civil- ised world. There is one thing about that last incident which, perhaps, was not taken into ac- count by those who perpetrated the crime-it will settle the matter, once for all, about re- cruiting in Great Britain. There will be no need now for compulsion. I wonder what Nel- son would have said if he had been told that an English girl had been shot in cold blood by the members of any other nation. He would have made more than the diplomatic inquiries which have been made by a great neutral into this crime, right and proper as those inquiries are. He would have made his inquiries by the thunder of the guns of the British Fleet, and pressed the question with the Nelson touch which won Trafalgar, as, indeed, our own fleet, at this moment, is only too ready to do. But is it possible that there is one young man in England to-day who will sit still under this Threats? I Mr. Bottomley, addressing a large crowd on the Clapton Orient football ground at the close of the match on Saturday, said Lord Derby had authorised him the previous day to say "that, although he was a great disciple of the compulsory principle of military service, his experience in his new office has already convinced him that the voluntary system of the country would be saved. (Cheers.) That was something to be proud of, and his lordship confidently anticipated that by the end of November he would have obtained sufficient recruits to supply all the requirements of the j Army." He was in a position to say, as a re- TSult of conferences with Lord Derby, the Minister of Munitions, and other Ministers of the Crown, that whereas those men who joined the colours now would join only for the dur- ation of the war and would be entitled to all the benefits of separation allowance, pensions, and everything else which had been provided for them, those who were brought in by com- pulsion would have to be enlisted under the ordinary military conditions for five or seven years, and their conditions of pension and al- lowance would be altogether different. ("Shame," cried one or two voices in the crowd.) "I do not want to use threats," went on Mr. Bottomley. "Isn't the tragedy of Miss Cavell enough? If I were a preacher I would take for my text to-morrow, 'The murder of Miss Oavell.' I ioffre's Determination. I An interview with General Joffre by Mr. Owen Johnson, which appeares in "Collier's Weekly," is quoted in the "Times." The General is asked about peace prospects. "Peace to-day," he replied, "would be a crime towards posterity. It would only be an armistice, in which every nation would continue feverishly to prepare for war. The French nation is too intelligent to deceive itself or to be deceived. We are not fighting a nation with the same ideas as our own, but a nation drunk with the idea of Imperial domination, a nation which believes that in the progress of the world there is no place for little nations. The decision as to whether Europe will continue as free and individual will be made in this war alone. Either we win the right now to continue demo- cratic and peaceful, or we surrender Europe to the imposition of an Imperial idea. You will find, wherever you go, that the French people know this. You will find them absolutely of one opinion. They are prepared for anything, and they know what the issue is. We do not need to lie to our soldiers. No matter how long the war lasts, it will be fought out until we have conquered the right to leave a heritage of peace to our children." Of course, an- other winter's campaign," Mr. Johnson sug- gested, "will never be as frightful as the last one." No," he said, "it will be very differ- ent. That is one thing we have been working on for months. It will be very different. We are prepared now for many things. One thing especially we will try to avoid-the standing in water and ice for days and weeks." When the Soldiers Return. j Mr. Alfred T. Davies, of the Welsh Educa- tion Department, writes as follows to the "British Weekly" :-HThe article in your issue of October 14th on The Churches and the New Campaign" raises a serious question with re- gard to the theological colleges. It is surpris- ing to learn that there are scores-possibly hun- dreds-of young men in these seminaries who hitherto have remained deaf to all calls on their services, and who continue—as if these were piping times of peace—to pursue their studies instead of helping to save their coun- try or to lend a hand in the alleviation of the widespread misery caused by the present war. It is all very well for these young men, the cost of whose education is mainly borne by men and women who have themselves willingly given their sons to their country, to plead a conscien- tious objection to war and to bearing arms. What objection can any Christian possibly have to serving in the R.A.M.C., the Y.M.C.A., or other like organisations which minister to the needs of wounded soldiers and suffering human- ity? Many hundreds of Quakers have joined the Medical Corps, and no young divinity stu- dent could possibly desire a nobler or more Christ-like sphere at the present time than that of assisting in the various missions of mercy undertaken by those agencies which practise the essential elements of our common Christian- ity. The religion which the world is learning to understand to-day-the only one, perhaps, which it will recognise to-morrow—is that con- tained in the words of the Founder of Chris- tianity Inasmuch as ye did it unto one of the least of these ye did it unto Me." When three million soldiers return home from the war, what respect will they have, I wonder, for the young men-the professors of religion-who were deaf to the call of duty in the hour of their country's need? Surely our theological students do not realise what will be their posi- tion when, as men who have failed in their duty, they come to preach to those who have done theirs, or there would not be a man among them to be found to-day in any college hall in the land." Americans' Wealth. Americans are amazed at their own pros- perity as a result of the war, and the enormous wealth it has brought them. A year ago they believed that the war would be their ruin. Now they know that it has made them richer than ever before in their history, and the lon- ger the war lasts the richer they expect to become. Newspaper writers exhaust their ad- jectives when referring to the present condi- tions. The trade balance in favour of the United States is described as "phenomenal," "stupendous," and "record-breaking," and the words used are not extravagant. For the last five weeks the balance in favour of the United States has averaged £ 35,000,000 weekly, and it would have been larger had cargo space been available on both the Atlan- tic and Pacific coast. On the basis of present estimates, and if the volume of exports con- tinues without any increase of imports, the bal- ance for the fiscal year in favour of the United States will be X400,000,000, or double the great- est balance in the history of American trade. In view of the indebtedness of the whole world to the United States, it is not surprising that Stock Market prices should defy all cal- culations—and in the opinion of many compe- tent observers they will go a. great deal higher before there is a reaction, or that there should be renewed apprehension over the price of ex- change. As against the normal equivalent of 4.861 dollars for bills representing a sovereign in New York, the sterling exchange on Friday closed weak at 4.63A dollars, indicating to ban- kers the necessity of further credit arrange- ments. It is considered unlikely that another Anglo-French Bond issue will be offered in America, but it is understood that bills of ex- change drawn by London bankers in dollars on New York will be accepted by American banks, the bills to have the guarantee of the British Government. England's Gain. I According to information from Zurich the "Tagliche RuncTschau" publishes an article by Professor Flamm, of Cha;rlottenburg-con- sidered one of the best naval authorities in Germany-in which he says that England's strength is by no means weakened by the present war, and she is the only Power which has until now conquered 1,562,500 square miles, which represents five times as much as the German territories. By destroying Ger- man commerce England has assured herself of considerable advantages which will still in- crease after the war. The naval power of England is not only undestroyed, but to-day it is incomparably stronger. The damage caused by the German airships is insignificant. It is possible that England's colonial posses- j sions—such as Egypt—may be attacked, but J Egypt is impregnable. Professor Flamm con- cludes that England is of all the other bellig- erent nations the one which has suffered the least and gained' the most during the war. Voluntaryism. Mr. J. H. Thomas, M.P., addressing a meeting of Trade Unionists at Derby on Sat- urday, under the auspices of the Joint Labour Recruiting Committee, referred to the King's appeal as a rebuke to those who had belittled the results of the voluntary system. His Majesty at least appresciated what had been done. The only feeling among the masses, said Mr. Thomas, was to get on with the war; yet in Parliament he heard nothing but gos- sip, slander alid intrigue. He expressed sur- prise, that Mr. Winston Churchill had uttered the old parrot cry of the thin Russian line and our halting policy. Mr. Churchill was either responsible with his colleagues for that or he should be outside the Cabinet, and his veiled attack upon his colleagues was not set- ting a good example to the country. Ger- many's -only hope of winning lay in disunion in this country, and a split between the Allies. This was why he (the speaker) spoke so plainly. I 11 Starred" Men. It is, of course, quite possible (says the "Daily Chronicle") that calls will have even- tually to be made on some "starred" men, and if they are graded, it can be done with a minimum of disturbance to the essential work of the country.
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