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Well, gentlemen, can we find the remedy in Europe ? 
Can we there find the great market that is going to absorb 
the unemployed population by providing an outlet for the 
production that these people will bring into being, if they are 
again established in positions in industry in this country ? 
I cannot see it. I cannot believe that there is any possibility 
of that happening at all. Europe has gone into chaos, 
I need not stress that to you. You know it better than I do. 
The question you have to determine for yourselves is this: 
if we could restore the world ; if we could settle the repara- 
tions problem ; if we could set all the nations financially on 
their feet again, do you believe that that can be done in a 
short time? Do you believe it can conceivably be done in 
time to help us, or save us at all? (Hear, hear.) I do not, 
I believe even if it can be done, it will take a very long time, 
and when it is done I cannot see any great expansion of 
British trade in the European market, We shall be: faced with 
a situation where every nation when it is re-established will 
have to press on with its industry again to try and re-establish 
its position. We are going to see greater competition in 
the future than we have ever experienced in the past, 
(Hear, hear.) We shall have every nation competing against 
us, and we shall be faced with a situation that I think is often 
overlooked, and that is a greatly increased production. The 
results from labour will be greater, and there will be an 
increased production to be absorbed, In an atmosphere and 
in a world so constituted, there does not appear to me to be 
any great scope for an increase in Britain's trade with Europe. 
I think we have got to discard that as a possibility, 
America is another great market, but America has 
great tariff barriers against us. America takes the view, 
whether she is right or wrong, that it is her duty to protect 
her own home market for her own productions, and there is 
nobody I think so optimistic as to believe that in the future 
America is going to revise that policy and allow British 
manufactures to come in in such an increased volume that 
we will obtain that greater outlet that we will inevitably 
need in the future if we are to restore our position. 
The only place I suggest that we can rely on, is our own 
great Empire. (Hear, hear.) I have not the time to-day to 
deal with what I say it is essential we should do with regard 
to our Empire to make sure that it will develop, and 
to make sure that we can take an ever-increasing flow of 
migrants into our country and provide them with a reasonable 
chance of a decent, prosperous and happy life. That would 
take too long, but it can, I think, be shown what is the 
necessary action. I do believe that if we do the neces.