BRITAIN BEGINS WELL

Sun (Auckland), Volume I, Issue 258, 21 January 1928, Page 1

BRITAIN BEGINS WELL

TRADE PROSPECTS OF HW OPTIMISM EXPR«6ttD By Cable. — Press Association.—Copyright. LONDON. Thursday. In an address before the Associated Chambers of Commerce, the chairman Mr. Vyle, strongly emphasised the need for a curtailment of nation* expenditure and costs of production He said trade was handicapped by taxation, high freight rates, and highe wages, and shorter hours, than wer> observed by Britain’s competitors. Nevertheless, the year had opened with every prospect of peace at horn* and abroad. “Therefore.” said Mi Vyle, “may we not look forward t« a time of flowing trade throughou the Empire?” The newspapers to-day draw atten tiori to the improvement in the unemployment position and the cost-of-living figures, and also give prominent-' to the optimistic speeches made hi Mr. F. C. Goodenough at the annua meeting of Barclay’s Bank, and Mr Vyle at the meeting of the AssociateChambers of Commerce. The reduction in the French banl rate to 3 5 per cent, is hailed as anothe* good sign, and has reopened a dis cussion of the possibilities of the Banl of Epgland also reducing its rate d interest. —A. and N.Z.