BENEFIT TO TRADE

Hokitika Guardian, 11 March 1931, Page 3

BENEFIT TO TRADE

IMPORTANCE OF EASTERN MARKET. XK\V IMiVAIOI'TM, March 7. “Tli" news of the agreenn in. over tlie India qiiesl.ion by which tin* tiisobedience campaign and ih t * boycott if British goods have ended is tbt* best wo have had for many a day, 15 stated Mr T. C, List in the .fourso of an air dress on Ids experiences abroad to a nicotine; of the ITenni hrancli of the Farmers’ Liiion last evening. The indiau t roll hie. lie explained, was one of the main causes of the slackness of trade at J lonic and the General depression which existed. Tile Eastern K market was of considerable importance to England, more so indeed than the combined trade of Xew Zealand and Australia. The present light of Lancashire cotton industry was largely due to th<> collapse ol the Indian trade. At the Imperial Press Conference one Anglo-Indian delegate stated that if only the Indian women bought one extra garment a yenr the whole of the cotton spindles of Lnucnshiro would he kept running brnsilv.

The speaker went on to say that there -was probably relation between the recent improvement in the wool market of the Dominion and Australia and the hardening of the dairy produce market and tin 1 favourable course of the pourparlers in India. In any case, a settlement of the troubles in that part of the world would have a distinct influence on Hritisli trade and lead to a restoration of confidence that must precede any sustained improvement in the economic conditions of the world.