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Updated: May 21, 2025
Some able financier should do for the organization of Banking which has really become the Industry of Finance and Credit the same sort of service that Sir Charles Macara has done for the cotton industry of the world. The international action and co-ordination of Trades Unions the world over should be made practical and not, in this matter, be allowed to remain a merely platonic aspiration.
The whole party walked out in the moonlight and were startled by a village band. The return was by Blair, where the Queen was welcomed by her former host and hostess, the Duke and Duchess of Athole. Her Majesty had a look at her earlier quarters, at the room in which the little Princess Royal had been put to bed in two chairs, and saw Sandy Macara, grown old and grey.
The suggestion of Sir Charles Macara is that the Governments of this country and the United States, acting in conjunction, should take the temporarily unsaleable surplus of raw cotton off the market and store it for use in years when the crop is short. In other words, it is proposed to establish a permanent national cotton reserve.
The suggestion has been made that the State should build two beet-sugar factories, which would cost about £200,000 each; in this way it is suggested that our home supply of sugar would in the future be assured, and that agriculture would benefit considerably. Sir Charles Macara has put forward a scheme of State aid for the cotton industry.
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