BUYING TOO MUCH

Sun (Auckland), Volume I, Issue 164, 1 October 1927, Page 5

BUYING TOO MUCH

SELLING TOO LITTLE TRADE OF BRITAIN By Cable. —Press Association.—Copyright LONDON, Thursday. At a meeting of the Association of Chambers of Commerce at Liverpool,, Mr. Gilbert Vile, who presided, said Britain was still buying too much and selling too little. He said the exports for the last eight months showed a fall of £78,000,000 and the imports one of £67,000,000, compared with 1925. He said he admitted that the recent figures were improving and that more manufacturing contracts had been placed in Britain, but the National Debt had increased by £52,000,000 in six months. The national expenditure had increased continually since 1923. The years of promise had not been fulfilled. It almost appeared that Britain was so heavily waterlogged by the crushing taxation that she had lost her buoyancy. He said he regretted the threatened abolition of the Department of Overseas Trade, which the Chambers of Commerce and all similar organisations were endeavouring to avert. The Prime Minister, Mr. Baldwin, had not yet definitely replied to the request to reinstate the department. Such uncertainty was most harmful to the department and to business men.—Sun.