PRICE STABILISATION

Evening Star, Issue 20587, 12 September 1930, Page 6

PRICE STABILISATION

RELATION TO UNEMPLOYMENT PROFESSOR TOCKER’S VIEWS [Special to tee ‘Stas.'J CHRISTCHURCH, September 11. “ At the present time the dominating economic question in England and Western Europe is that of unemployment, and attention is being concentrated on securing a greater price stability. To this end co-operation among the central banks of the leading countries is being sought in order that a bettor distribution and a freer use of tho gold reserves of the world may bo secured,” said Professor A. H. Tocker, of Canterbury College, to a reporter. Professor Tocker returned to-day from a trip abroad, where in addition to attending tho International Labour Conference at Genova as a Now Zealand delegate, he spent a few weeks in England and Scotland, and sixteen days in America. “ It is realised everywhere,” lie said, “ that if prices continue to fall increased unemployment will be difficult to avoid. If prices can bo stabilised a solid foundation will bo given on which to base plans for a solution of the practically universal unemployment prob lems.” Though his stay in America was short Professor Tocker gathered from private conversations that the general business turnover so far this year was down by about 15 per cent, on last year’s figures. “ America has had her ups and downs in tho past,” he added. “ and it seems to be tho general opinion that sho will pull through all right this time. Sho has such vast potential wealth and so much gold that she can hardly fail to do so.