POSITION OF BRITAIN.

Press, Volume LXVIII, Issue 20492, 10 March 1932, Page 9

POSITION OF BRITAIN.

SOUND CURRENCY.

great difficulties

SURMOUNTED. VIEWS OF ADMINISTRATORS. . rr.ESS association- uy electric 1 TELEOKArit—corvatonx.) (Received March 9th, 5.5 p.m.) LONDON, March 9. The President of the Board of Trade, \fr Walter Kuncimnn, addressing Tctail dUtributors, said that Great Britain surmounted great financial and commercial difficulties. Those countries which had succeeded in getting immense jtore! of gold were now paying the • eialty- " We aro al)!e to show the" l " L added, "that we can carry on without a gold basis. We put sterling on , a eM sc"" 1 basis that R wiU bocome i flnv y of the world. We are gradual* getting the trade balance on a oimd footing and arc leading the world in currency sanity, abandoning the idoa 0 f a monopoly of gold which means a monopoly of the world's prosperity." year of Opportunity. The Chancellor of the Exchequer, Mr Jfayillfl Chamberlain, addressing a unionmeeting to-day, said he looked upon i 931 as England's year of danger and ah 1933 as England's year of opportunity Few could fail to be amazed at the' change in affairs which had taken ulaea in the national outlook during the Lt lix months. They were not, howmt yet out of the wood, and they gait carry on a little longer and go forward with confidence in the hope of a peat expansion of trade and prosperity. _____ BRITISH REVENUE. BALANCED BUDGET EXPECTED. {ttH'T* 111 * OJJPICIAI# "WIRELESS.) RUGBY, March 8. Eetenue returns for the week ended ' .jjjrch sth indicate that revenue con- ■ tinues to conic in and the economies forecasted in the revised Budget of las! September will be realiaei The total revenue received during the week to £26,600,000 iVthe expenditure to £17,200,000 leaving a lunlu# for the week of £9.400,1)00 "ana the deficit ... ■ from. 400/100 tft.£37,000,000. This ia £Bl/100,000 Igu than the deficit at tie same fojr yew. Thpre no* retn&in three ana a naif weeks in which ty iecure tho balanced BudgeVwMeh W late Chancellor of the Excheqverpltuuted, and there seems every reuoa to expect this to be ac- ( eowptkhei. ,