WIDER VIEW TAKEN.

Auckland Star, Volume LXVII, Issue 102, 1 May 1936, Page 7

WIDER VIEW TAKEN.

English Industrialist on

Empire Growth. NECESSARY DEVELOPMENT. LONDON, April 30. The president of the Association of British Chambers of Commerce, Mr. S. R. Beale, taking a broader view of Empire trade relations in his speech at the annual meeting of that body, said his personal view was that it was unreasonable to expect anything but a gradual change. ■ Mr. Beale agreed that there would be dislocation if the Dominions suddenly encouraged an increase in manufactures beyond ° their economic powers while Britain suddenly increased her agricultural production at high cost. However, experience showed that every young country found it necessary to develop its manufactures. Let them hope that all the Dominions now realised the risk of raising the- level of costs unduly by high tariffs and uneconomic manufacture.

But, if that pitfall were avoided, the o-eneral result of economic manufacture fn a new country would be an all-round rise in the standard of living, an increase in the demand for manufactures, and a general increase in world trade. The problem was to control the change as gradually as possible. Then there" would' be less present- dislocation and more future prosperity.