RETALIATION
NEWSPAPER SUGGESTION London, Nov. 29. The Daily Express in a display front page story features reductions of the British purchases of American goods to the extent of £60,000,000 needed to pay the debt instalments due in December and June, pointing out that Great Britain in 1931 bought £104,000,000 worth of American goods and sold her only £17,000,000. The newspaper says that this adverse balance made it impossible to buy dollars to meet the debt. Many items of American products that the newspaper suggests Britain could do without are, motor ears, £4,400,000; radio apparatus, £700,000, apples, £4,000,000; iron and steel manufactures £1,400,000, meat products, £6,700,000 oils, £6,700,000, rubber manufactures £950,000, manufactures of wood £i, 700, 000; barley £1,500,000. The paper also emphasises the drop in sterling in the past f ortnight which increased the cost of the December •deht instalment by over £1,500,000.
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Rotorua Morning Post, Volume 2, Issue 393, 30 November 1932, Page 5
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143RETALIATION Rotorua Morning Post, Volume 2, Issue 393, 30 November 1932, Page 5
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