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Welsh outlook

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Vol. 12, No. 9 Sept. 1925

The financial & economic situation

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cipally concerned in profitable and safe business
and unwilling to take some share of the essential
risk in opening up fresh fields for industry and
commerce The British Trade Corporation was
instituted with this end in view and there does
seem need for further efforts in this direction.
One wonders how it is that Wales has not its
industrial bank and some kind of credit institu-
tions would have been extremely useful in the
development of Welsh agriculture. A Welsh
Raiffeisen system of village banks might be in-
stituted. Easy credit for the small husbandman
is an absolute necessity. Raiffeisen set to work
in South-West Germany on two principles-that
he must exact nothing from members joining and
that he must make long credit the rule. He
argued that to make a loan at all serviceable to a
poor or embarrassed man, sufficient time must be
given to allow the loan to repay itself. To tax
other resources for repayment would be, not to
help, but to cripple the borrower. He might want
the money for buying manure, or seed or feeding
stuffs. In that case he could scarcely be expected
to repay it before twelve months. He might
The Exile's Corner.
RECEPTION AT NIAGARA FALLS.
I noticed in my last copy of the "Welsh
Outlook" that you were starting an "Exiles
Corner," so I am giving you some news of
Welsh people in Niagara Falls. On Tues-
day evening, June 30th, a very large number of
Welsh people and friends gathered at the Parish
Hall in Niagara Falls, Ontario, to welcome
Professor J. Edwards, F.T.S.C., and his family,
and Mr. and Mrs. Webb and family, who arrived
in the city on June 27th from Penrhiwceiber,
Wales, to make their new home here. The
Niagara Falls Welsh Society arranged a grand
concert and social reception. The Hon. Harry
P. Stephens (Mayor of Niagara Falls, Ontario),
was chairman, and officially welcomed them on
behalf of the city as chief magistrate, and was
ably supported by the Rev. Newton (Baptist
minister) and the Rev. Barton (Episcopal Rector),
both of Welsh descent, and Mr. Gordon Mitchell
(choir leader of Morrison Street Methodist
Church). Mr. Morgan J. Rees, secretary of the
Niagara Frontier Welsh Society, wished them all
prosperity and happiness in the world-famous
Power City of the world. The concert which
followed was a great success.
AUSTRALIAN NOTES.
ONE of the best known Welshmen in clerical
and Church circles in Sydney is the Rev.
Thomas Hughes, vicar of Burwood, who
has been doing great work there for many
years and is exceedingly popular. The reverend
want it to improve his herd of live stock or build
a barn or sink a well or else drain a field. In
such cases he must be given credit for two years
or five or ten or even more. The whole system
rests upon the integrity of the individual. We
shall hear a great deal about agricultural credits
in the near future and it is as well that Wales
should develop the system most suitable to her
needs.
The latest trade returns are distinctly encour-
aging for imports have fallen in comparison with
June and even with those of July of last year.
The decline from the total of June this year is by
some  12 millions in value and by  9 millions
as against the value of imports of July, 1924. The
imports of foodstuffs is lower by over a million.
Great leeway, however, must be made up in the
matter of exports. The trade returns, on the
whole, seem to indicate that the hardships upon
industry which followed the resumption of gold
payments have now passed and with the lowering
of the Bank rate and less interference with
monetary conditions there are signs of a real
revival.
gentleman, who is now home in Wales for a well-
earned holiday, is a brother of the Vicar of
Trelech-ar-Bettws, and also brother of Vicar
Hughes, of Birkenhead, while a sister of his, Mrs.
Brittain (formerly of Llanover), at present resides
at the Old Parsonage, Llangyfelach, near
Swansea. This distinguished family of clerics
-it need hardly be mentioned-come from Sir
Aberteifi.
The Rev. I. Garnon-Owen, formerly of North
Wales, and a well-known Calvinistic Methodist
minister, has a flourishing church at Fitzroy
(Melbourne) attached to the Presbyterian Church
of Australia. Both Mr. and Mrs. Owen are
well supported by an excellent staff of enthusiastic
workers, and progress is recorded throughout all
the church activities.
Sebastopol (Victoria) has been celebrating its
38th Annual Eisteddfod. Sixty years ago, in the
days of gold mining, the township had four
Welsh churches, but now very little Welsh is
heard in the streets and gold mining is extinct.
Welshmen in Australia are not so well organ-
ised and banded together as in America and other
parts of the world. True, there are few Welsh
societies here and there, and the Melbourne
St. David's Society again this year kept green
the memory of Dewi Sant by duly celebrating the
national event. Two thousand ardent Cymry
went by boat to Queen's Cliff, and at the banquet
the principal guest, the Rev. B. Ceitho Davies,
who is on a health trip from Wales, delivered a
rousing- speech, which, by the way, was widely
published by the leading daily press of Australia.
Caotain David Jones, of Aberayron, Cardigan-
shire, president of the Melbourne Welsh Society,
occupied the chair.
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