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De done next, l nose who occupy positions of public responsibility and trust do not, themselves, know what will happen next. Important economic commitments are made from year to year, from month to month and even from day to day, and I am afraid too often on the basis of political expediency. Under the circumstances no one, I feel, is capable of making a definite prediction about the future. . „
“Relative to the war situation,' of course, that is surrounded by uncertainty. We don|t know yet how serious the Korean situation really is or/how long it; will take to settle it, or’ what the cos^ will be. Furthermore, we do not know about other situations which may spring up at any time around the Russian periphery. In view of these uncertainties, I do not feel that it would be safe to make any definite predictions as to what the immediate future holds for us.
“I have always thought that when we are confronted with a situation that is as doubtful as the present and immediate future, f that we should play the game eon- ' servatively. That means among \ other things a system of sound finance both privately and public* | ly, ‘Which means the making of financial commitments which can be carried out wih certainty. It 1 ■■eeni also that we. need to place.
(See RAPP-CHATS, page S.)
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