HOPEFUL REPORT.

Auckland Star, Volume LXIII, Issue 252, 24 October 1932, Page 7

HOPEFUL REPORT.

BRITAIN'S TRADE. Signs of Recovery Growing Plainer. CHANCELLOR'S VIEW. (United P.A.—Electric Telegraph—Copyright) LONDON, October 23. The Chancellor of the Exchequer, Mr. Neville Chamberlain, speaking at Birmingham, said the signs of solid progress toward recovery were plainer than at any time since the National Government took office. The rising tide of unemployment apparently liad been stemmed and might soon set in the opposite direction. The Government and local authorities had been spending too much in relation to the reserves of the only people from whom money was obtainable. Private individuals should consider their personal circumstances and spend if they could afford to. It was a mistake to suppose that keeping money back wae rendering a public service.

Mr. Henry Hudson, a prominent Bradford merchant, says his visits to the mills have impressed upon him that trade is slowly but steadily improving. There is 110 boom, but there is a heartening increase of business.

BUSINESS INCREASE. MOTOR SHOW SEQUEL. (British Official Wireless.) (Received 12 noon.) RUGBY, October 23. The International Motor Show at Olympia was closed on Friday night. It attracted about 185,000 visitors, and was open nine days, the same as last year. Exhibitors agree that business increased considerably. Exhibitors agree that British cars will show considerable increase. The head of one great motor firm, epeaking to the Production First Institute, said: "If the conditions of the motor trade are any criterion to what is happening, I can assure you they are very good and we are entirely surprised by the big sales being made. Our own particulaV sales on the Home market are up 7 to 8 per cent on last year, and export sales are nearly double."

EMPIRE AGREEMENTS. SHOULD NOT BE TOO LONG. LONDON, October 23. Professor Arthur B. Keith, lecturer on the constitution of the British Empire, in a letter to "The Scotsman" (Edinburgh) says: "Inter-Imperial agreements are as bindingj as foreign treaties, and it is equally deplorable if a contract is broken. "For this reason the Government should not pledge itself if-it cannot reasonably expect to perform its obligations. In regard to the Ottawa agreements the term should not be too long, as such agreements are only valuable as long as they are welcome to the mass of the people here and in the Dominions."

RICE MILL ON THAMES. BURMESE MOVE FOE MARKET. LONDON, October 23. Burmese merchants are having a rice mill erected on the Thames in order to secure for Empire producers the virtual monopoly of the British market hitherto enjoyed by foreigners.