CONFIDENCE AND TRADING.
"And now just a few words with regard to trade generally," said Sir David MilneWateon, chairman of the great London .Gas, Light, and Coke Company. "From the observations we are able to make ill this company, in London at any rate," he went on, "there seems to be a slight revival in trade and business —but only very slight. . . ■ .
"What we feel is wanted is confidence, and if, only people would get that confidence and begin to spend money again I am sure that there would very soon be an improvement. As I said last year, it is a great mistake on the part of anyone who has money at the present moment not to spend it wisely. Trade can never be restored unless those who have money are prepared to exchange it for goods.
"The banks arc full of money at the present time, for which they • pay very little interest, as those who leave it on deposit with them are fully aware. It would be infinitely wiser for people to use their money in purchasing goods and giving work, as that is the only way in which, trade can be set going in this country."
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Evening Post, Volume CXV, Issue 81, 6 April 1933, Page 14
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200CONFIDENCE AND TRADING. Evening Post, Volume CXV, Issue 81, 6 April 1933, Page 14
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