MUCH REDUCED.
ADVERSE TRADE BALANCE. LONDON, May 12. "March figures show thai the imports have been reduced in a year by £9,500,000, and April will ehow less adverse trade balance than in any month since 1918," said the Chancellor of the Exchequer, Mr. Chamberlain, responding to the toast of the Government at the bankers' annual dinner. The tendency existing of great accumulations of liquid capital to concentrate on sterling exchange disturbed traders in Britain, and equally in India, Australia and other countries, with currencies linked to Britain's, he added.
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Bibliographic details
Auckland Star, Volume LXIII, Issue 116, 18 May 1932, Page 7
Word Count
89MUCH REDUCED. Auckland Star, Volume LXIII, Issue 116, 18 May 1932, Page 7
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