20 
a power that will also be enduring in its influence among the 
nations for justice, peace and good-will among the peoples of 
the earth. (Loud and prolonged cheers.) 
“THE TRADE OF THE BRITISH EMPIRE.” 
The Rt. Hon. SIR PHILIP LrLoyD-GREAME, K.BE., 
M.C., M.P. (President of the Board of Trade), in proposing 
the Toast, said: It is indeed appropriate that the Toast of 
“The Commonwealth of British Nations ” should be followed 
on your Toast List by that of “The Trade of the British 
Empire,” and there is no more appropriate assembly in which 
that Toast should be drunk than at a dinner of the Association 
of Chambers of Commerce. The network of the Chambers 
of Commerce not only covers the whole of the United King- 
dom, embracing all its trade and industry, but it is a network 
which permeates the whole of every part of the British 
Empire. But that is not all. The Association of Chambers 
of Commerce is itself playing no small part in the Economic 
Conference to-day. For months while the Home Government 
was working in preparation for that Conference we have had 
the constant co-operation and advice of the Association of 
Chambers of Commerce, and we have day by day had the 
benefit of their council and advice. Therefore it is doubly 
fitting that this Toast should be proposed and honoured in 
this assembly. I have spoken so often of the vast possibilities 
of the development of the resources of the British Empire 
and the trade that is possible within it, and of the urgency of 
by developing those resources and extending their trade, that in 
l proposing this Toast I am but re-affirming a faith which 
  
  
  
  
  
  
  
  
  
  
  
  
  
   
   
  
  
  
  
  
    
   
  
  
  
  
   
  
   
  
   
   
  
  
  
  
  
  
  
   
  
  
  
  
I hold as strongly as any man can, a faith which I believe 
every Chamber of Commerce in this country holds no less 
sincerely than I do myself. We not only hold that belief, 
but in the Economic Conference day after day we are working 
on it and acting up to it. We know that within the British 
Empire there lies the best cure, and perhaps to-day the only 
cure, for the unemployment that besets us. We know that 
there, far more than anywhere else, lies the opportunity to 
create markets and to expand the development of the markets 
Ll that already exist. The great review that has been given us 
ir to-night by Mr. Mackenzie-King shows what are the resources 
| and the powers of a great and a highly developed Dominion. 
| You can pass from that to the latent resources of vast tracts 
| of country that lie under the British flag which we have as 
| yet hardly begun to develop. We know that there are in 
ul every part of the British Empire the raw materials which we 
Hl want—a safe and certain supply of those materials; and as