TRADING DIFFICULTIES
DR DALTON SPEAKS TO COTTON MANUFACTURERS PART OF PRICE FOR PEACE (Rec. 11.0 a.m.) Rugby, Sept. 2. Trading difficulties brought about by shipping problems, Britain's needs for her own productions and the Dominions’ requirements which have been increased through the loss of Japanese trading were discussed by Dr Hugh Dalton, President of the Board of Trade, addressing representatives of the cotton industry at Manchester. These difficulties, he said, were part of the price to be paid for peace and Britain had been compelled to cut down her exports more and more. She had been helped to do this through the lend-lease agreement which eased the problem of paying for imports. At the same time they were reaching a stage where further cuts in civilian supplies were less possible. Therefore they must use at home goods which otherwise would be exported. Consequently they were sending less to “currency” countries but instead demands from the Dominions had increased. Control was absolutely necessary, and while it had caused hardship it had prevented a scramble for supplies with accompanying soaring prices and wastage of stocks. —B. O.W.
Permanent link to this item
https://paperspast.natlib.govt.nz/newspapers/NEM19420903.2.15
Bibliographic details
Nelson Evening Mail, Volume 77, 3 September 1942, Page 2
Word Count
185TRADING DIFFICULTIES Nelson Evening Mail, Volume 77, 3 September 1942, Page 2
Using This Item
Stuff Ltd is the copyright owner for the Nelson Evening Mail. You can reproduce in-copyright material from this newspaper for non-commercial use under a Creative Commons Attribution-NonCommercial-ShareAlike 4.0 International licence (CC BY-NC-SA 4.0). This newspaper is not available for commercial use without the consent of Stuff Ltd. For advice on reproduction of out-of-copyright material from this newspaper, please refer to the Copyright guide.
Log in