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Auckland Star, Volume LVII, Issue 152, 29 June 1926, Page 8

Recent trade statistics, says the New York "Post." show a curious state ot affairs. AH the major nations of the world seem to be consuming more than they produce. England always has imported more merchandise than she has exported. France, is now doing it; so are Germany and Maly. Even, tlie United States, during the first quarter of 1!>26, shows an excess of imports over exports. This does" not seem right at all. With so many buying more heavily than they are- selling, some should be on .the other side of the fence. The truth is that, for the moment, world trade is somewhat out of joint. Present markets' 'cannot support one another -by the mutual talcing in of washing.' England/France Germany, Italy arid' the United States' all must find new markets. . AH. are going after theim Only by such.'' development can the balance of trade be' redressed. ' :•■''-.!

Italy's first liquor laws,'decreeing early closing and prohibiting the sale of intoxicating drinks ,to children .under 15, were passed by the Chamber of Deputies. .The proportion of places selling > alcoholic drinks will be redu'cedVto one for every 1000 residents.