BRITISH TRADE

Wairarapa Times-Age, 30 July 1938, Page 6

BRITISH TRADE

DISCUSSION IN THE .HOUSE: OF COMMONS. SOME RECENT IMPROVEMENT SHOWN. (British Official Wireless.) (Recd This Day, 10.58 a.m.). RUGBY, July 29. Both Houses of Parliament adjourned until November 1. The usual provision was made for summoning- Parliament during the recess in case; of need. Mr A. V. Alexander- raised the question of the state of trade and.that of the adverse balance of Overseas trade. Mr Alexander emphasised the alarming decline pf British trade, the increase in unemployment and the stagnation of industry, especially shipbuilding, which was endangered by the diversion of iron and steel; to armaments. There was no real remedy, except an attempt-to restore international trade. Yet the discussions with Australia apparently had resulted in a, deadlock. The president of the Board of Trade (Mr Oliver Stanley) said the" adverse balance was a matter which must give the Government cause for constant and anxious attention. The course of.overseas trade, however, had altered between the first and second quarters of this year. In the second quarter,- 1 the visible adverse balance had been lower (month by month than in the'■’■'corresponding months of 1937. The. tendency now, therefore, was to an improvement in the visible balance of trade.