NEW ERA IN TRADE.
Chancellor's Hope on Removal Of Barriers. . QUOTAS AND EXCHANGE. LONDON, October 7. The Chancellor of the Exchequer, Mr. Neville Chamberlain, at a bankers' dinner, expressed the hope that a new era in world trade and prosperity would follow the removal of quotas and exchange control. Such a development should be the next step to the devaluation of the gold bloc currencies. Sterling would remain free, but in the end they would come back to an international monetary standard on the only basis which would give general confidence, namely, a system on the free exchange of gold. Expenditime on rearmament had not gone far enough to affect Britain's trade revival, although it had upset the Estimates. But even without this impetus the country's trade continued to expand. International trade also was showing signs of revival and progress was being helped by the growing realisation that economic nationalism could be carried to extravagant and harmful lengths.
Permanent link to this item
https://paperspast.natlib.govt.nz/newspapers/AS19361008.2.89
Bibliographic details
Auckland Star, Volume LXVII, Issue 238, 8 October 1936, Page 7
Word Count
158NEW ERA IN TRADE. Auckland Star, Volume LXVII, Issue 238, 8 October 1936, Page 7
Using This Item
Stuff Ltd is the copyright owner for the Auckland Star. You can reproduce in-copyright material from this newspaper for non-commercial use under a Creative Commons BY-NC-SA 3.0 New Zealand licence. This newspaper is not available for commercial use without the consent of Stuff Ltd. For advice on reproduction of out-of-copyright material from this newspaper, please refer to the Copyright guide.
Acknowledgements
This newspaper was digitised in partnership with Auckland Libraries.
Log in