EMPIRE COMMERCE.

Taranaki Daily News, 23 September 1920, Page 7

EMPIRE COMMERCE.

CONGRESS OPENED AT TORONTO.. | By T«l«graph.—Presa Assn Copyright. - Ottawa, Sept. 20. The King cabled to the Congress of Chambers of Commerce at Toronto emphasising the importance of the gathering, it being conducive not only to commercial interests, but also to the very unity of the* Empire. The congress decided to-day to create y; bureau to give' standardised 5 information 61" all colonial methods of .valuing impor'ts and' : exports. Mr. ShiWon expressed disapproval at the exclusion *'q{'the"-Dominions from membership of4he Imperial Shipping Comjmittee. The cbjgress'jjasged a resolution- askinVthe British Government to afford 'the Bominio.ns an opportunity to nominate their representatives of shipmiig and trading interests -to serve on the" Imperial committee—JS.Uß.-N.Z. 6able Assn. ■'•-" "' EMPIRE* EXCHANGE SYSTEM: Ottawa, Sept. 21. Mr. F. J. Darling, of London, addressing the Congress of Chambers of Commerce at Toronto, suggested that a sound Empire exchange system might be established by a general issue of comparatively 'short term exchange bills against good's in transit and an Empire bank acting as banker. The Empire bank would have a central office in London and offices throughqut the x Empire.; Mr. Darling said that if Empiro' ex-: changes were made a united economlo whole, endeavoring to supply our own * wants and producing a surplus or balance for repayment of the debt to America, the advantages to-all parts if the Empire would be considerable. ■ The congress discussed preferential trade within the Empire. All the speakers favored preference, though they pointed put many difficulties.—Aus.-N.Z. Cable Assn.