BRITISH TRADE

Hokitika Guardian, 2 October 1930, Page 3

BRITISH TRADE

MLNISTJiE'S HOPE.

OF A GRADUAL JMPROVFM ENT

((Jfficia I Wiretebs.)

•■vRUGRYv Sept. 28. U ‘Within? tliei aggregate national in-hf-oine” p| approximately. ,£'4,000,01 '4),000 ijpgar;-therejls!yidr&ytfor'aMe room for ; directi'»'V-viri'g ! -aiul for-re-direction o* ; exferictiture : froin 'hoiGelsential L> essential services,” saidw*Mr "William Graham. President of the Board of Trade, speaking at Carlisle last night-.

“At the panic tme,” lie added, “commodities, that would, provide •, greater value of employment would be, able to make a recovery.” British taxation- at £ls ; 0r,...£16 a.lieacl;, .was undoubtedly the heaviest in the .World. Mr. Graham continued, and, in the meantime., British, trade, had encountered. a first-class economic storm, and commodity prices had moved rapidly downwards. Since last October there were, however,.. signs that the bottom had been touched, at all events in certain of the leading commodities. He -considered that there would he-no general world, recovery until the yip,ward Imoveriierit was o,fV a . Melinite character.

Certain critics had placed the improvement of the position to occur at the end of the present year, and others in the .spring, lie said, lnit ad were agreed that it would he gradual in character. ;

The “News Chronicle’" states that the Liberate will make a mistake if they assume nothing can be done to develop the Imperial market. We cannot afford to sacrifice our vast foreign trade to a possible extension of' Dominion trade, hut that’s not to say we ought not to do all in our power to extend the in tor-imperial trade. .