PURCHASING POWER.
Banker Sees Evidence Of An Increase. TARIFF BARRIERS REGRETTED. (British Official Wireleta.) . (Received 1 p.m.) RUGBY, June 22. Mr. F. C. Goodenough, chairman of Barclay's Bank, speaking to-day, said that there was evidence of an increase in the world's purchasing power, upon which commercial •prosperity largely depended. « He regretted that tariff barriers showed such slight signs of reduction. Such barriers continued to exercise a restrictive influence upon international trade and to force up internal prices and the cost of living, whereas the increasing demands of civilisation tend to reduce the ability of each country to be selfsupporting and so to increase the importance of international trade. The removal of the tariff barriers of the world markets would constitrte a great step forward towards a more general trade recovery than any that had yet been made.
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Auckland Star, Volume LIX, Issue 147, 23 June 1928, Page 9
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137PURCHASING POWER. Auckland Star, Volume LIX, Issue 147, 23 June 1928, Page 9
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