BRIGHTER PROSPECTS

Feilding Star, Volume 2, Issue 423, 27 December 1924, Page 5

BRIGHTER PROSPECTS

FOB BRITAIN'S TRADE AND ECONOMIC POSITION. (By Electric o»d 10 —Oonyricht). (Aust. and N.'/j. Cable Association.) (Received Dec. 27, 10 a.m.) London, Dec. 26. Observers commenting on international trade revival in 1024, point out that the fervent hopes of a large section of the British industry have not boen fulfilled, although the year had been productive of more real progress in the building of a solid foundation for general important world's economic conditions than any rear since the armistice. 'The Dawes plan for Germany, the defeat of the Radicals at the recent British polls, and the curbing of Communist propaganda in France had brought a. return of confidence, the lack of which had previously retarded post-war recovery. Tin's was evidenced by the rise of the £ sterling. There is a deep-rooted feeling that Britain is at last fairly and finally on the way to a steady restoration of.her trade and economic position. It is believed that the improvement in the £ sterling will be consolidated by the real backing of increased trade, the balance of the £ reach par in dollars at an early date, and progress will bo made toward a return to the Jiold standard. There are. however, flies in the ointment of the finahe?n? position. France is viewed with some anxiety, because her measures taken to improve the value of the franc hnve nov resulted as well as was hoped for. Further, the French Government's proposed borrowing in America has given rise to apprehension in Britain.