The Birmingham age-herald., 1918-08-02

We must necessarily, in whatever policy we proclaim said the premier keep in touch and be in complete ac- cord first with our dominions, and second, with our allies. There is a good deal of discussion about league of nations. l am certainly one of those who believe in it. But there are two leagues of nations already in exist ence-the British empire and the great alliance against the central powers"
 Referring to the Paris resolutions, he said:
 Up to the present time America has expressed no opinion upon them, and it is vitally important that the policy should be complete agreement on eco- homie as well as other problems An agreement among the allies means that the economic fate of the world will be in the hands of the great ai- lied powers federated together at pres- ent'
 After discussing the necessity of pro- noting after war industries essential to the country economically and miii- ldiiiy, tHc pItIuleT COHllnucQ.
 "The longer the war lasts the stern CT must be the economic terms we inn pose upon the foe. I think that sooner he realizes that the better. He is fighting in order to impose his own economic terms on the allies. He will never succeed in doing so
 MUST DETERMINE CONDITIONS
 50 far as that is concerned, we must be in position to determine the condition which we regard as far, without having them imposed upon us by the will of the enemy.
 If he goes on fighting. imposing greater burdens on us, destroying our young manhood and guilty also of out rages which shock humanity, anI makes it difficult to shake hands with him when the war is over, sterner will be the terms imposed upon him."
 MT. Lloyd George said among the greatest difficulties after the war would be the questions of raw mate- rtals and transport which would re- quire a most complete understanding with Great Britain's allies and domin- ions. because 'it is most important that you should carry with you the people who contributed with you to the common sacrifices.
 All the same don't dispute what tho German has won from combination; let us learn our lessons, wherever they come-even from the Germans"
 SAVE ALLIES FIRST
 While agreeing that interference with trade and industry must disar- pear after the war, MT. Llyod George said there must be some exceptions during the transition period. Govern lntpTfarRItoA h extent would be needed to get raw ma terial and organize transport, he said. and in regard to executing contracts for abroad, q think we ought to ses that the people who have been fight ing together should be served first"
 Don't let us make the mistake of dissolving the partnership the moment the fighting is over" the premier added
 Andrew Bonar- Law, chancellor of the eNchequer, followed the premier in brief speech in which he expressed general agreement with MT. Lloyd Gorge. The chancellor pointed out that some control of raw materials was needed after the war, in order to prevent old enemies from organizing corner in them. He also emphasized that as result of the war. so far as the present British government was concerned, the principle "that we are one empire and that there shall be preference within that empire es- tablished"
 Mir Bonar-Law estimated that the last vote would carry on until the end. of August; that the estimate would be realized and the balance would prob ably last until the first week of Sep tember
 Taking the period from April to July 30, there had been underspending to the amount of f21,500,000 on the four fighting services; there had been underspending on shipbuilding. due to the need of taking men from the ship yards for the army; there had been