BRITISH TRADE.
AN ENCOURAGING OUTLOOK, 1920 A YEAR OF SOLVENCY,By Telegraph.—Press Assn.—Copyright. Received Jan. 11, 5.5 p.m. London, Jan. 9. In the House of Commons, Sir Auckland Geddes (President of the Board of Trade) made a statement reviewing trade prospects. He said that the position was undoubtedly encouraging. He pointed out that the position needed only a natural increase in exports and earnings of British vessels to secure a favorable balance this year, and in that case the year 1920 would be a year of solvency, in which we would begin clearing off our debt abroad, and resume investments in foreign countries, and particularly the development of the Empire. With freedom from labor disputes 1920 should give a bumper output from the British shipbuilding yards. He pointed out that the cotton and woollen industries were flooded with orders, and likewise the engineering trades. The latter were only awaiting the settlement of the. disastrous moulders' dispute.—Aus.-N.Sftc Cable Assn.
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Taranaki Daily News, 12 January 1920, Page 5
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157BRITISH TRADE. Taranaki Daily News, 12 January 1920, Page 5
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