IMMINENCE OF SLUMP NOT ADMITTED
(Bdtia*- Official WirelesB.)
Britain Prepared to M«t Trade Decline EXAGGERATED FEARS
(Received 16, 8.45 a.m.) RUGBY, Dec. 15. The Prime Minister, the Rt., Hon. Neville Chamberlain, in replying in the House of Commons to a request for a statement of the Government' s policy to meet unemployment problexns that threaten the country in view of an oncoming slump, said — "I do not accept the implication in the question. I consider that any talk of an oncoming slump is not only exaggerated but dangerous. This country is in a far better position to meet any temporary decline in trade than at any time since the war." Mr. Chamberlain's statement had a marked effect in the City. Sentiment generally is more cheerful and prices are hardening, especially in leading industrials and oils.
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Hawke's Bay Herald-Tribune, Volume 81, Issue 71, 16 December 1937, Page 5
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135IMMINENCE OF SLUMP NOT ADMITTED Hawke's Bay Herald-Tribune, Volume 81, Issue 71, 16 December 1937, Page 5
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