BRITAIN'S TRADE

Ashburton Guardian, Volume 52, Issue 81, 15 January 1932, Page 5

BRITAIN'S TRADE

CORRECTING ADVERSE BALANCE.

CONSIDERATION BY COMMITTEE AVOIDING- A DISLOCATION. (United Press Association —Copyright) (Received This Day, 11.5 a.m.) LONDON, January 14. A committee of the Cabinet which has before it problems of correcting the adverse balance of trade met last night and good progress was made with the task. “The Times” recalls that in a speech in the House of Commons last September the Foreign Secretary (Sir John Simon) declared that the country would have to abandon its policy of Tree imports, and he added that there was growing a feeling in Ministerial circles that legislative action would have to- be taken as soon as the House of Commons met again. When the committee, has presented its report to Cabinet it will be for the Ministers to decide how action can be taken with the least dislocation of trade.

FULL SCIENTIFIC TARIFF.

THE NEEDS OF INDUSTRY

(Received This Day, 10.40 a.m.) LONDON, January 14

Simple ad! valorem duties, pending the creation of a • Tariff Board to promulgate a, full scientific tariff, constitutes the chief suggestion of the programme -of the Grand Council of the Federation of British Industries to restore Britain’s prosperity. The Council states: “Industry would accept duties on food), raw materials, or other measures to obtain the widest possible extension of Empire preference.”

ABNORMAL IMPORTATIONS. ANOTHER ORDER EXPECTED. (Received This Day, 11.5 a.m.) LONDON, January 14. It is anticipated that a further ordei under the Abnormal Importations Act will be issued shortly.—British Official Wireless. RELATIONS WITH FREE STATE. CONFERENCE IN LONDON. (Received Tin's Day, 11.5 a.m.) LONDON, January 14. The President of the Board of Trade (Mr W. R unci man) yesterday received representatives of the Irish Free State. Tho discussion concerned the possibilities of improving trade between the two countries 'and of securing the closest practical collaboration in trade problems.

Mr Runoimani stated that lie and his colleagues were anxious to co-o-perate with tlie Free State Government, and explained that on the- reassembly of Parliament a statement would be made as to their policy for developing interCommonwealth trade.—-British Official Wireless.