BRITISH TRADE BALANCE
THE VALUE OF SHIPPING (Australian and K.Z. Press Association) Reed. 9.5 a.m. LONDON, Friday. Sir Philip Cunliffe-Lister, president of the Board of Trade, at a dinner of the Chamber of Shipping, disclosed that the Board of Trade estimate of last year’s trade balance gave £150,000.000 on the credit side. The ‘’Daily Telegraph” points out that toward this substantial surplus the shipping industry contributed £130,000,000. There could scarcely be a more striking or more definite proof of the value of the Merchant Service. Its welfare must have a prime interest for any Government, as its earnings help to pay for the food and raw materials we must buy from abroad.
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Bibliographic details
Sun (Auckland), Volume II, Issue 596, 23 February 1929, Page 1
Word Count
112BRITISH TRADE BALANCE Sun (Auckland), Volume II, Issue 596, 23 February 1929, Page 1
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