BRITISH TRADE.

Press, Volume LVI, Issue 16724, 6 January 1920, Page 6

BRITISH TRADE.

! AN OPTIMISTIC SURVEY. j (By ("*!>!«■—PrMi* A«*.-»oiation—CottTrisiM J iAilstrnliar, nr.d X. 7.. Cnl.lo ' ' LONDON. January Mr Winston Churchill, speaking at I Sunderland, gave an optimistic survey | of the country, wh: h was on tho h'gh ! road to recovery, and <piickly getting ! into its stride. The manufactures were I expanding, orders from heme nnd abroad were steadily increasing, and the ' expenditure was rapidly decreasing. ! A PESSIMISTIC NOTE. ! Mil IIAHOI.D ItF.UCUAMFS V 1 MWs. ' (CRESS »SSOi IATION 11 1 r.r.RJ*,) AI"CKI.ANI>. .lanunry o I Mr Harold lleauehamp. chairman of : directors ol the Hank oi New Zealand, ; has returned from a European tour, lie , .-ays that the Drills!) nation is indulg- ' ing in a riot of expenditure and less ; work. Unless the workers of Clie.it ! Dritain im rease their output, the al I ternative is ;i short way to btinkiuptey. : Mr lliMuchanip said he thought there ; was very little chance of any alteration i-i the lineal system in the Old Coim- ! try. In the minds of most people l're ! teetion would enable manufacturers to indulge ill profiteering to the same exlent as th y did durint; the war, wlnl.-t j Free Trade, with its inevitable compotiI tion. would force down the prices o! | essential commodities. He confessed to j viewin" with concern Gorman and other ! competition in Great Britain, but it was quite impossible to £ct the people ol ! the Old Country to see eye to eye with i one on this question. Personally, lie I thought we were in for an era of dear j money, especially in Rnrope and the j United States. It would be interesting to note how lotirr it would be lvfore there was a reflev action in this Dominion, which, owing to a vi ry 1.v.-ge surplus of exports over imports, had for i siv or seven years continued in sn'h enviable financial ease. Money, like water, had a tendency to find its own level.