WHY PRICES RISE.
Recovery, Not Arms Race, as Chief Cause. BRITISH CHANCELLOR'S VIEW. liritlfh Official Wireless. (Received 10 a.m.) RUGBY, March ID. Asked if lie was aware that, owing to the demands of the armament programme and manipulations of speculators, prices of iron and steel and nonferrous metals were still rising, the Chancellor of the Exchequer, Mr. Neville Chamberlain, said in the House of Commons that the position was being carefully watched, but that the questioner attached exaggerated importance to the demands of the Government's armaments programme. . These wore only part of the total British demand and that, in turn, was a small fraction of the world demand. Fundamental cause of the rise in price of these commodities was neither armaments nor speculation, but a rapid progress towards economic recovery over a large part of the world.
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Auckland Star, Volume LXVII, Issue 67, 20 March 1937, Page 9
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137WHY PRICES RISE Auckland Star, Volume LXVII, Issue 67, 20 March 1937, Page 9
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