PROBLEMS AHEAD.
"These good times will not last for ever," writes Viscount Rothermere in the "Daily Mail." "Britain's adverse trade balance has increased by more than 50 per eent in the last two years. In the first six months of 1935 it was £124,000,000. In the first six months of the present year it had reached £191,000,000. Government spend- . ing in other directions than defence is growing at prodigious speed, There are several indications that in three or four years the country may find itself faced with as serious an economie situation as in 1931. As then, there is the same rapidly increasing adverse trade balance and the same rapidly increasing Budget deficit, instanced by the faet that to rearm we must borrow immense sums of money. Such eircumstances will driye us implacabl^ |oway|s another great criaia." ^
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https://paperspast.natlib.govt.nz/newspapers/HBHETR19371027.2.12.4
Bibliographic details
Hawke's Bay Herald-Tribune, Volume 81, Issue 28, 27 October 1937, Page 4
Word Count
137PROBLEMS AHEAD. Hawke's Bay Herald-Tribune, Volume 81, Issue 28, 27 October 1937, Page 4
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