6. This is a manufacturing country and upon the con- 
tinnance of our manufactures in a healthy and stable condition 
pur greatness as a nation depends and must continue to 
depend. 
7. We cannot contemplate this country if reduced to 
trading and finance being able to support a population of 46 
million people. Under such circumstances it would with 
difficulty support 18 millions. 
8. These facts are elementary, and it might be thought 
that the first care of our legislators, keeping these facts in 
mind, would be to frame their policy in the direction of the 
conservation and development of industry, or, at least, to 
refrain from impeding industrial development. 
9. So far from this being the case it must be realised 
that for the last two decades sentiment and sentimentalism 
rather than reason have been the mainspring of domestic 
policy. 
10. The industrial ignorance of political parties in this 
country, and the readiness with which they have from political 
motives added to the burdens on industry, is illustrated by 
the fact that during the last 40 years social burdens have 
increased by about 1,500 per cent. 
11. In vain have protests been made as to the inevitable 
result of such a course; in vain has it been urged that the 
cumulative effect of such burdens and their accompanying 
administrative expenses must sooner or later result in a 
declining industry and a bankrupt Treasury. 
12. It is indeed time that we faced facts. Democracy 
instead of being bribed by promises and benefits must be 
told the truth. 
13. The passion for making royal roads for everyone 
from the cradle to the grave must give place to the con- 
sideration that in a well ordered State, the conception of 
the State as a fairy godmother is a fundamental fallacy. 
14. The prosperity of a people depends on their own 
exertions and the measure of that prosperity must govern 
anv State henevolence. 
15. The example set by the State in the matter of 
extravagance has served as an encouragement to local 
authorities. 
16. Such extravagance, national and local, is draining 
the country of money and is engendering in the people a 
feeling of false security which is being translated into apathy.