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THE HONGKONG DAILY PRESS, FRIDAY, MAY 30TH, 1924

THE PREMIER AND HIS

GOVERNMENT.

"LABOUR IN OFFICE AND IN- POWER.

One thing I must say. I regard, and I am sure every man of peace and good will in Europe regards, the rise of an extreme" nationalism. in Germany as a great menace dangerous to Europe itsel and deplorable for Germany as well. Do not let us be falsa to qurselves abou NO NEED FOR ELECTION FOR TW that. The policy of the Allies is largely responsible for this rise of German nationalism.

Mr. Banisay MacDonald, speaking at York on April 19th in connection with the annual conference of the Independent Labour Party, said:

If I had met you last Decemibor I doubt if a single respectable person in York would have come out to attend the meet- ing. Those respectable people would, I feel quite certain, bave been reading rospectable newspapers, the Rothermere and the Beaverbrook-that kind of news”) paper,

1

Every morning these respectable people got up in that dreary and dark, month of December they would have looked out to see if the heavens still stood.

GERMANY" ON HER PRIDE! We can deal with the mattor in one or two ways. We can say to Gennany re garding this Experts' report: "We know you are going to default and we have made out our programme of punishment preparatory to your proving yourselves to be false." The result will be that Germany will be false. You croate a psychology that makes her a cheat.

There is the other way to deal with it.. Let us say to Germany?

We are going to accept your word. If you say you are going to accept those reports we will take you at your word. We have no pure- parations to meet any default on your part If after this solumn obligation you do default, then we will be cléser Allies than ever. But we trust you." What is the psychological effect of that? Why, my friends, with nations as with indivi-

That phase has passed. I dare say some of you were bitten by it. We came in. up went stocks. sterling improved in its international value, trade went on.duals, that puts them on their pride. the City that had been quaking on necount of extravagant speeches by Tory Ministers about inßation was enim, and we began to be regariled as supermen. Never was there such a Government, Never was there auch Prime Minister, (Laughter.) Never such wisdom, never such sagacity.

Our opponents are now discovering we are human. You have got a human (or erament Government that has made mistakes: a Government that is going to make mistakes. If we left office in n fortnight we should have made our mark in the history of the Labour movement of this country, Labour since January bas become bigger, not in size, but în mjud.

The greatest danger that Germany offers. to Europe now is not the danger. of arms. It is the danger of industrial deterioration. You compel Germany by political or military force to abandon its eight-hours day, to deteriorate its cur reacy, to create a condition of things which means that the mark in of lean value on the London market than it is on the Berlin market, anil what happens ?

"

THE INDUSTRIÁL MENACR."

In every world market, and in your own market under. Free Trade conditions, the British workman, working eight hours a day for £, £3 or 24 a week, has to compete with a German workman work- ing ten hours a day with wages of 30% or

When we have finished with our job it£ a week.. will bo with pride and not shame..

They tell you that there are splits in our party. I have never heard of them outside the columns of newspapers. As the papers have been either Liberal or Tory, I suppose they think that as they are so we must be„ (Laughter.)`

OFFICE WITH POWEL

I am never allowed to forget a dictum, which is more false than true, that we are in office but we have po power Whoever is in office has opportunity, and opportunity is always power;

Office and no power! Have we 'not re- cognised Russia Is there not in London

That is caused by the policy of foreign Governments imposing tributes upon Gar many that Germany can only pay out of the degraded lifeblood of the German working man. That is turned into cash, into goods, and those goods meet you knot only here but also in every neutrali

market

So long nó a false idea of patriotic duty. and the stupidity of the idea of military security keep Germany in that position. on long is the great industrial menace of Germany kept going and the future of Great Britain is held in jeopardy.

the Labour policy on a matter exceed, One other point as an indiestion of

a conference sitting which, if it is usingly great difficulty. No Government, |cessful-and it has started well-will ind whatever its power, is a magician. You all those evil days, will bring Russia can do your duty at the next election and again into the ambit of our industrial world, and will enable a large number of can give Labour about 500 members inen and women to get some substantial part of the money they had lost during the last few years f

Office without any power? Well, what about Singaporel In that still being pursued Is there a strategical point of the Pacific to-day where docks are being built-not because they are going to be used, because that never was the argu- ment, but that they might be used t

Take housing. We had a Government as sincerely in favour of housing as we ourselves. But they had not a grip on how to solve the problem as we have They hoped they were doing a great deal in satisfying what they called private enterprise. We are now saying to them "Don't you see the great problem is not a problem of how to supply houses for the people to buy them but how to supply houses for people to rent?" (Cheers)

in the House of Commons ont of 615 That will make them safe. Even then, my friends, the political power of n "majority is limited. No statesman, how- ever godlike or, according to your views, however devilish he may be, can use a parliamentary majority like a magician's wand.

is not to make declarations, aut to pro- The great, problem of the Government.

duce nice-looking Bills, but so to cou- Juct affairs that it can transform the evils of to-day into good things to-morrOW

INDIA'S FUTURE

I say this in connection with India. It was among the very hard of the many hard things that the Labour Government had to face that we were be sooner in office than the Indian Constitution was brought to an end by the rejection of Enance measures, frat of the Budget and then of the Finance Bill

I am not at all apposed, as some of my political opponents try to make you be We want to meet then, as Lord Ovier leve, to a policy of helping the lower said, without equivocation. Dominion middle clasica, the clerks, and so on, to i status for India is the idea and the ideal get their homea. Not at all. The Labour of the Labour Goverment. Party is not the Labour Party, never has If I might I would say to our Indian been

friends: Do keep your Faith in the British democracy. Do keep your faith in the British Labour Government.”

The Labour Party Bars to the elerk, to the blackcoated, the soft-handed democracy My dear friend, if you had less side and more robustness of social character you would not lose one eighth- of an inch of your dignity, but you would Bild wards and yards to your manhood. We say to you, throw behind you all those false distinctions that men call snobbery. Face your own problem

DEPARATIONS.

An inquiry is being held by the Indian

Now we mean that in Government. quiry to be a serious one. We mean to produce results which will he a basis of the consideration of the Indini Constitu tion, ita working and its possibilities, in which we hope we shall have Indian co-operation on the way.

ME. CHURCHILL

In foreign affairs they tell me I have been lucky. They say that when they left other everything had got so bad that it cikl not get worse laughter) and -that therefore, I ought to congratulate have departed, all of us, now nearly from myself.

Well, I have been trying my best. to get Europe to improve. And the other day something happened which I think gives us the chance of beginning afresh. 1 refer to the effects of the Experts' Re port on reparations A

We were the first Government to ex press its view upon that I said, and 1 am very glad to find that the whole of the country is behind me in this, irre spective of party, that that report ought to be taken as a whole. There are things irit that I do like. But if I begin to raise this detail and that detail France, Belgium, and Germany will do the same, and then we are back just exactly at the spot where we were..

One of the few remaining hobgoblins of our youth is the word Socialist. We

those delightful tales „which made na afraid to go out at night, and Mr. Chur.. chill alone is striving to adapt Flans Andersen stories for the intelligence and requirements of the greyheaded and hald beaded adults.

Do remember this [with reference to strikes that unless we can find a way to get fair play done without a resort, to force, then, my friends, the difficulties of recovery placed in front of this coun- try may be too great for this country to surmount

"My duty is clear. It is n accordance. with the principles of the Labour Party. to carry on the governant of the coun try, to keep off a general election which nobody wants und which if it came would It is an absolutely profitless policy to settle nothing. Yet I don't believe in consider who was right in the past or coalitions. I think they loud-issuce and not. One thing is sure. It is that, if we take that finer scrise of political honesty go on for another two years carrying out out of men. (Cheers)

the policy that has been carried out for the last two or three years, there will be no hope of relief, no hope of reparations, erat

believe if we are to stave off a gen

election as the nation wants it to the Labour Government must remain

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no hope of security, no hope of peace; do and that in all I care about, and that is in office and conduet its work-in record YORK BANKERS The Irving e all 1 nm going to work for. (Cheers.) ance with the principles, not of Liberal-

My view is that we take the report That we get the League of Nations in with on That this becomes a League af Nations operation as well as an Allied and German operation,, and that in this way we can strengthen the authority of that hody, and by getting Germany to join the League we can build an organian Lign upon which I would like to hase the fatura peace of Europe (Cheers.)

ism or of Toryis, but in nocordance with the principles of the Labour Party ilnel (Cheers.).

I see no reason why the country should be bothered with a general election for

CLEAN two or three years.

We shall take at least two years to put Europe on a peaceful footing and to get industrial relations established in any thing like a normal

way.

NEW

Internet allowed on Current Accounts an Fiand Deporte Terms on application.

Every detrption of Banking Busines transscledij

Loans granted on Approved

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TSUYEE FET, Manager, Hongkong, September 8th, 1931,

£7,000,000 £2,594,160 £115,000

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