From The Glasgow Herald on this day in 1937:
WAR TALK DISCOUNTED BY CUNARD CHAIRMAN
"FOR DOMESTIC CONSUMPTION IN EUROPE"
Sir Percy Bates, chairman of the Cunard Steamship Company, told the annual meeting of shareholders in Liverpool yesterday that he discounted heavily war talk from abroad.
"I think most of it is part of the technique evolved as necessary to certain types of foreign Governments," he continued.
"The men in the saddle find it necessary to continue to say things to the horses simply in order to remain in the saddle. If what they say is overheard by other countries, and commented on, it all gets back to the horse, and the rider is so much more the secure.
"I do not believe there is a nation in Europe or out of it that wants to go fighting for adventure to-day. I think that all this war talk is for domestic consumption only."
Sir Percy Bates added that the great feature of the year had been the coincidence of the arrival of the Queen Mary with a period of improving traffic across the Atlantic. The Queen Mary had demonstrated her quality as a profitable ship in a satisfactory manner.
The remaining ships had earned figures substantially in excess of their previous year's earnings. It was proved that the advent of the Queen Mary had been helpful to the rest of the fleet. The result of the year was a credit of 546,000. In 1935 there was a debit of 61,000.
Referring to the profits tax, Sir Percy Bates said that this, or something like it, was quite sound in theory. He felt confident that when the Treasury White Paper was transferred, first into a Bill and finally into an Act, it would do what the Chancellor wanted.