GENERAL CABLES

Hokitika Guardian, 14 October 1930, Page 5

GENERAL CABLES

BRITISH TRADE

(United Press Association.—By Electric Telegraph.—Copyright.] (Received 9.25 a.m.) LONDON, October 13. Imports decreased by £19,764,000 and exports by £12,363,000;- re-ex-ports by £1,382,000. The principal decreases are shown in imports of grain and flour which was £3,795,000, meat £1,102,000, food and drink non-dutiable £1,990,000, dutiable £974,000, wood and timber £1,594,000, cotton £1.378,000, oil seeds etc. £1,126,000, rubber £1,175,000. Exports decreases were: Iron and steel inanufactures thereof £1,371,000, cotton yarns manufactures £3.483,000, Woollen ditto £1,085,000.It may be pointed out that wholesale prices have fallen nearly fifteen per cent, compared with a year ago so the total decline of imports and exports are not seriously greater than might be accounted for by the differences in prices.

BRADFORD QUIET. LONDON, Ocs. 38. At Bradford there is practically no business. Oroissßreda are lrregujlar and merinos are rather steadier. DEAD MARKET. LONDON, Oct. 13. Lead imports totalled 32,348. Australian 12,720, exports 2,314. BRITISH. FISCAL SYSTEM. (Received this day at 11 a.m.) LONDON, Oct. 13. Out of seventy-two per cent of members of the Federation of British industries definitely voting on the questionnire relative to merits of free trade, protection, Imperial preference and a combination of the two latter, four per cent favoured the existing free trade -system, ninety-six per cent favour a change. Not a single i nclustrial group showed a majority in favour of free trade, upon whieli the Council unanimously passed n resolution that the Federation should- vigorously press for the estalilishment of a system combining protection of industrial interests at Home with the widest possible extension of inter-Empire preference,