BRITAIN FIDDLES.

Auckland Star, Volume LXII, Issue 286, 3 December 1931, Page 7

BRITAIN FIDDLES.

Whfle Pound Falls With Chaos In Industry. PROTECTION URGED. • 10 a.m.) • LONDON, December 2. «n» GoTermnent is still fiddling whila the pound is sinHng.and industrial chaos Suee," Sir Hugo Mat the Fi«trieal Industry's luncheon. He- added Britain Sdeda Foper policy.of protectxoa Zur Sum would because they wodd'te safe. H« emphasised that it must be "fce rifrht'fcind of protection eo as to enable thaVDdertaking of mass .production and tteJKJiwuiisation of the depressed indn«si*Pending which.he hoped no agreenente ' with -foreigneie -would be mactok ■• ■ . jtaee*er*t«tore Br?fcato>negotiatedv with foreignem .tte position must be ; cleanebottt Bq*"** relations. minkme eoold only l» Enkedjap under;; % nwoerkind of paMteeffaon. Otlier help-: fuFSner indoded the rttißirsaeonj of riber. *t*m "that When.wroteebonye mtrodtieed tn©i ponaSwill nee end <mll.effen-taaUy.be-able-ie.'dook'&e dollar land the frane.in? the - : &k "Whether -we. keep off, tne;

T»MF# DECfcAsRAEIOIS.

poracr should be stated.^

fßeeehwe'm'3o ***¥,

EONDON, Decefifltar 2., the : Government toeefceeTeeEfy- declaration of its tariff iritißfeßtvesjSp.i-Shait delay is ; not only 'ih-rraiTiess and financial woifil wfoitUiKertanrh3r,. : bnt':fe making a, stabil&ation+of Mterßng impcenble, TJhe longer the delay. the| gre*hr?w3liS©-thft-opportunity of fore-: etaffig ;the tariff. The GoremmentConfer-. enoejft>ntj{«j£itjto fitjttsrtrecommflnda-:, policy '■' wiadii slwflfWbe rmßomoed meantime.

TRADE PACTS.

* ARRANGEMENTS!

.(Birttieli, Oflfcial Wireless.) (Received 12 noon.) EUGBY, December 2. Great was evinced in the Hoiif» v ;ef & C ommon3 in. the answer by Colville, Secretary for' Oyer-to,,tw-o dicitjjtai assurance that pending the d*iscussimm'of inter-Imperial economic questrade agreements or fiscal arrangements' of a, binding character woTilll-ie entered into. Mftjur Golville-implied: "I can assure the .Houeel .that the Government will entetsiinto no engagements with foreign countries which will bo likely to prer .iudice ; either the objects of the Abnormal Importations Act or r any.';fafcare meiifc with the rest of-fihwEm|Mre." ;; "

PEOPLE CONFIDENT.

TRUST IN BRITISH CREDIT.

LONDON, December 2,

%>i Chancellor of the Exchequer, Mr. NeeDe Chamberlain, in the course of a 6 peech at a conference in London in connection, with the national savings inovenent,. gaveta remarkable testimony W)fiift public's iinshaTceable confidence in SntiSi credit. '

Tie Minister said that throughout the recent crisis no more than one-tenth of on* per cent of the people's savings with the Government—which amounted to the astounding figure of £I,loo,ooo,ooo—had teen'withdrawn.