BRITISH TRADE POSITION

Press, Volume LXXIII, Issue 22262, 29 November 1937, Page 11

BRITISH TRADE POSITION

+ CHANCELLOR GIVES REASSURANCE ".MALIGNANT CRITICISED HOPES OK ACREEMK.vr WITH AMEKK'A (ja::: = a crr:.:i- *:-»_ss- - November -o. i 1 'i" : "* ) RUGBY. November -~ At Nottingham, the C:ia::cei>-- f»f the Exchequer (Sir John Shn«r.. referred to the "malignant characterising £cmc of the comment on the recent .- the security and commodity marko. He deprecated this attitude. Tr.o country was economically strong. and its recent history showu; wit.t what firmness it could resist ce •- nomic shocks, and how great v.-; its recuperative power. If in the future Great Britain v. us called upon to face a trade decline it was in a far better position to meet it and deal with it than the country had been in the great collapse of 1931. The recoverv from that depression, was a solid fact. Industrial activity, the increase in national savings, ana the productivity of revenue va-rt all reassuring signs. Sir John Simon said that notrur.i; would contribute more effectively to the ultimate foundations of peace than the preservation and promotion of good understanding between Great Britain and the United States. The announcement that the preliminary discussion had gone f3r enough to justify the opening up of negotiations for an Anglo-American trade treaty gave new hope. Rearmament, he said, had reinforced Great Britain's influence and authority in world affairs.- Armaments, however necessary, were no substitute for the political appeasement which was the only real basi* of peace, and which was the direct object of the Government's constant endeavours.