REVIVAL SIGNS

Dominion, Volume 26, Issue 112, 4 February 1933, Page 11

REVIVAL SIGNS

British Trade, Shipping RUNCIMAN HOPEFUL Plea to End Quota System APPEAL TO GERMANY (By Telegraph.—Press Assn.—Copyright.) (Received Feb. 3, 7 p.m.) London, Feb. 8. An appeal ito the German Govern- . ment to stop the insane quota system, which was the curse of European trade, was made by the President of the Board of Trade, the lit. Hon. Walter Runclman, when speaking at Cornwall. Britain, he said, was prepared to extend trade relations with Germany. He added he would also ask the French to end the quotas. Referring to shipping, Mr. Runciman expressed the opinion that the signs were encouraging. Two hundred thousand tons less shipping was laid up than in February of last year, while new ships had been ordered. He hoped the day was far distant when the Gov-

ernment would have to subsidise British ships, but the Italians were spending largely. Subsidies were dangerous competitors on some routes. Referring to the Empire, Mr. Runclman said Australia had turned the corner and had got rid of some grotesque follies with which lighterbrained politicians had poisoned public life.

There were signs of a distinct revival in the British iron and steel trades, Mr. Runciman added. There was more activity in coal exports than in W29 and an immense increase in the electrical industries.