Evening star., 1921-11-11

accepted the invitation extended by the
United States government to the con-.
ference on disarmament to be held in
Washington. 1t is my earnest hope
that the labors OF the conference will
be crowned with success"
Noting that the negotiations for a
settlement in Egypt have not yet
been concluded, the king: referred to
the eastern tour of the Prince of
Wales, adding: ' 'S
ther strengthen the ties of affection
which have for SO long linked my
house with the princes and people Of
India. Upon the conclusion of. his
Indian tour, he will proceed to visit
the great and friendly. empire Of
With reference to trade depression.
the king said:
Il learn with satisfaction that it
nevertheless Is anticipated that while
the estimated surplus for the redemp-
ton OF the debt will not be realized.
a deficit on the budget. Our. debts,
however are great. and: our taxation
heavy and burdsnsome to industry,
and the revenue cannot be- ,maitatned
on the scale of the last three years.
It: is" accordingly OF vital Importance
to the financial stability Of the eoun-
try that the expenditure should be
still further restricted in every de-
partment of life. both public and
private.
"The government will continue to
take advantage of every posi- bis
means to achieve this essential object
in the field of public expenditure. and
I confidently rely upon my people In
their own practice to support the ef-
forts of my ministers"
The king discussed the subject OF
Ireland as follows:
THE situation in Ireland stu
causes me great anxiety. I earnestly
exhort the leaders of all parties In
Ireland and all those In whose hands
lies the power to influence the nego-
tiations and discussions now proceed
Ing to exercise patience and modera-
ton with the object Of establishing
friendship and corporation between
my people Of that country.
1T Is my firm belief. as 1t is my
earnest prayer. that with forbearance
solve to tread the paths of oblivion
and forgiveness. enduring peace
will finally be achieved"
THE past summer has been notable
for the occurrence OF the most serious
industrial conflict which ever men,
| take pride in the calm and serene
spirit with which the trials bf the
coal stoppage were met by my people
and the freedom fro4ss strife and vio-
lenCe "nlCn CndIdCteFl4c0 ltS SouI6c'
This dispute, unhappily, was aggre-
waited by the adverse effect OF the
sudden worldwide trade depression
which has inflicted upon the indus
tries Of this country the most griev-
GUS experience in their history"
The measures recently passed by
parliament for dealing with the
problem Of. unemployment and the
revival Of trade were reviewed, and
the king continued:
"The peaceful settlement Of many
difficult disputes by mutual negotiation
between the employers and the work
people, together with some indications
Of the revival Of trade. encourage my
| hope that the worst may be over and
that the state Of employment may show
| from now onward a steady, II slow.
| Improvement. But the position is. still
| full OF anxiety. ard my ministers will
| continueN to devote to this problem
vistlant care.
"It is not, however. so much to acts
! of parliament as to the proved good
sense Of employers and operatives work.
ing together for the promotion Of their
! common interests that ! look for the
restoration Of trade and prosperity"
Concluding with an allusion to the
| difficult financial conditions. the king
said: .The imperative need for the
avoidance OF all fresh burdens and the
| further curtailment Of expenditure, have
required the modification Of some meas
ures already passed and The postpone.
ment to happier times of the completion
! OF other reforms, l pray that the bless.
ing OF Almighty God may rest upon your
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