TRADING PROBLEMS
PART OF PRICE FOR PEACE (British Official Wireless.) (Rec. noon.) RUGBY, Sept. 2. Trading difficulties brought about by shipping problems, Britain’s needs for her own productions and the dominions’ requirements, which have been increased through loss of Japanese trading, were discussed by Mr Dalton, adldressing representatives of the cotton industry at Manchester. These difficulties, he said, were part of the price to be paid for peace. Britain had been compelled to cut down exports more and more. She had been helped to do this through the lend-lease agreement, which eased! the problem of paying for imports. At the same time they had reached a stage where further cuts in civilian supplies were less possible, and therefore they must use at home goods which otherwise would be exported, consequently sending less to “ currency ” countries. But the demands from the dominions had increased. Control was absolutely necessary, and while it had caused hardship, it had prevented a scramble for supplies with accompanying soaring prices and wastage of stocks.
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Evening Star, Issue 24290, 3 September 1942, Page 4
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168TRADING PROBLEMS Evening Star, Issue 24290, 3 September 1942, Page 4
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