RECOVERY IN BRITAIN

Evening Post, Volume CXVII, Issue 71, 24 March 1934, Page 13

RECOVERY IN BRITAIN

"NO SIMPLE SOLUTION"

GOVERNMENT'S POLICY

United Press Association—By Electrio Tcl«eraph—Copyright LONDON, March 22. In the House of Commons, Mr. W. Kunciman, President ' of the Board of Trade, during the unemployment debate, emphasised that no simple solution was available in the basic industries—coal, iron, steel, shipbuilding, and cotton. Some people, he said, imagined that nothing more was needed to solve the cotton problem than renunciation of the treaty with Japan. That would be only the beginning of their troubles. It might be necessary to revise trade relations with Japan, but it would be. foolish to be hurried into courses more harmful than beneficial. Japan was a large purchaser of Australian wool. This and all relevant facts which complicated the problem must be borne in mind. He quoted figures to show that exports had improved as a result of the trade agreements with the Argentine, Denmark, Scandinavia, and i inland. ■ '

Prosperity certainly could not be increased, by trying to run industries as tho.ugh they were State concerns. The Government could only give industries a chance. It remained to be seen what could be done with shipping.