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The New Zealand Railways Magazine, Volume 7, Issue 2 (June 1, 1932)

Ottawa's Unique Chance

Ottawa's Unique Chance.

Not only an Empire event, but a world event, will be staged when the Imperial Conference meets at Ottawa. Never before has an Imperial Conference been held in the presence of a Western world divided as to-day into gold and non-gold (mostly sterling) countries, and never has such a Conference been held in the pit of a deep depression—so deep that the pricefall has increased the annual burden of borrowers by at least 30 per cent. And although every Imperial Conference has had tariffs more or less before it, not one has seen the small States of civilisation so over-tariffed as now, and certainly none has contemplated the significant fact of the new tariff in Britain.