A REVIVAL OF TRADE.

Ashburton Guardian, Volume 48, Issue 86, 21 January 1928, Page 5

A REVIVAL OF TRADE.

SEVERAL HOPEFUL SIGNS. * 'Per Press Association—Copyright.) LONDON, January 19. The lowest percentage, 9.7, of unemployed persons among insured workers since 1921, the" highest increase in avenues of employment since 1920, and the lowest cost of living, since 1919, are facts arrayed in the Press, which is featuring Mr Goodenotugh s speech, at the meeting! of shareholders of Barclay's Bank, and also that of Mr Vyle, before the Associated, Chambers of Commerce. Mr Vyle strongly emphasised the need for a curtailment of national expenditure and costs of production, pointing out the handicap placed on trade by taxation, high freights, and higher wages, and shorter hours than obtain in other countries. Nevertheless, the year opened with every prospect of peace at home and abroad. "Therefore, mav we not look forward to a time of flowing trade throughout the Empire?" A reduction-in the French bank rate to-day is hailed as another good sign, which has reopened the discussion of the possibilities of the Bank of England's rate coming down.