EMPIRE TRADE.

Press, Volume LXVII, Issue 20413, 7 December 1931, Page 9

EMPIRE TRADE.

♦— TASK FOR BUSINESS MEN. VIEWS OF MR BRUCE. (Received December Gth, 5.5 p.m.) LONDON, December 5. Mr Stanley Bruce, addressing the Gripplegate Ward Club, said it was difficult to foresee the effect of the Empire "wheat quota. It was much more significant that the British market was increasing tho opportunities for Empire trade. This would amazingly affect public opinion in Canada, and to a less degree in Australia. The Dominions, but not England until tho last election, realised tho importance of intcr-Impcrial trade, but it was a job for the captains of finance and industry, not politicians. Australia had a great future if it increased production instead- of maintaining her trade balance by merely preventing imports.

TEAM WORK. AIM OF NATIONAL GOVERNMENT. (Received December 6th, 7.30 p.m.) LONDON, December 5. "I am speaking in a position unprecedented for many years when un#ble to deliver the goods myself," said Mr Stanley Baldwin at Aberdeen. "As a momber of the National Government I can only say I hope I may be able to do It is not so easy for men who hitherto' have been antagonistic on many subjects to reach a common agreement. It is like a team of international football stars having 'to learn team wprk, but we are going to njake the team able to play any team in the country." He pointed out that the exact figure of the adverse trade balance was unknown, but it probably would be £100,000,000 this year. Until that was rectified tho stabilisation of currency was impossible, but the internal value of the pound was steady, for which we had to thank the balancing of the Budget, and the confidence of our own people and the world in_ the Government's honesty and good faith. "I am convinced," he added, "that there is no reason for'tinxiety over the drop of sterling abroad, which is due to seasonal reasons, also the payment of unusual amounts for imports, with which the Government is dealing."