REASON FOR HOPE.

Auckland Star, Volume LVII, Issue 24, 29 January 1926, Page 7

REASON FOR HOPE.

i BRITISH TRADE RECOVERY. A BRIGHTER FUTURE. I MR. BALDWINS ADVICE. j (By CaWn.—rrns* Association. — Cnprrlglit.) j iT.poelved n a.m.i LONDON, January 28. The Primp Minister. Mr. Stanley Baldwin, speakinp at Sunderland on the ron- i ditions of Trade, said: '"I think there ' are grounds fnr sober confidence and j moderate optimism. i ''The funding of debts and the stabi- j lis.ition of currencies is helping trade, j Thrre is a great harvest in Canada, j whose spending power lias thn? increased. The same hold? good in Australia."' Mr. Baldwin went on to appeal to those who hold the destinies of the coal | industry in their hands, "not to play ! fast and loose." lie commended the cxamnle of T.nrd ! Londonderry, and suggested that both j sides to the coal dispute should place ; their cards on the table rather than j have the facts dragged out. The Premier urged employers and trade union leaders to visit America frequently and there ' study the methods that were enabling the workers to enjoy higher standards i of life than elsewhere in the world. This ■ would be infinitely more profitable than studying the methods of Moscow. — (A. and 'n.Z. Cable.) NEW SILK COMPANIES. i FACTORIES IN BRITAIN. J (Received 11 a.m.) LONDON, January 28. Alludinjr at Funderland to the per-1 tents of trade improvement. Mr. Baldwin I said that since the imposition of the j silk duties 50 new silk companies had been registered in Britain. Many Continental firms had arranged to build factories in Britain, which, after America, is the largest producer of artificial Eilk in the world. — (A. and N.Z. Cable.)