ADVICE TO DOMINION

Dominion, Volume 27, Issue 108, 31 January 1934, Page 10

ADVICE TO DOMINION

Measures of Retrenchment Still Necessary ‘BRITAIN OUT OF THE WOOD’ By Telegraph—Press Association. Auckland, January 30 “Britain is the one country in the world that is really ‘out of the wood,’ ’’ said Sir John Sandeman Allen, chairman of the Commercial Committee of the House of Commons, on his arrival ■to-day. He has visited Australia, South Africa, and East Africa, and is studying Empire trade conditions. “I am letting the people know what is going on in Britain and Europe, and •telling them of Britain’s recovery and what it means,” he said. He knew (New Zealand bad taken many steps to-' ward recovery, but firm measures of retrenchment were still necessary. We must not think because we were getting “out of the wood” that we could go ahead as before. u Britain was “out of the wood,” but nobody knew what America was going <to do. She had lost the confidence of t the world. He did not think any action iby America would disturb sterling materially, but Britain must go slow all the same. America was so uncertain, and had been for so long, that If there had been any serious danger of sterling being affected it would have shown itself before this.