BRIGHTER OUTLOOK

Hawera Star, Volume XLV, 22 January 1926, Page 5

BRIGHTER OUTLOOK

TRADE IN BRITAIN. THE WEAK SPOT COAL INDUSTRY DEPRESSION. BY CABLE—PRESS ASSOCIATION—COPYRIGHT(Received Jan. 22, 11.30 a.m.) LONDON, Jan. 21. Tlie Chancellor of the Exchequer (Mr Winston Churchill), when addressing the Leeds Chamber of Commerce, struck an optimistic note in regard to the future of commerce and industry, declearing that there was an undoubted, though slow, improvement. Moreover, unemployment had been reduced, apart from coal miners. The world was more peaceful, the harvests were good, and trade was mending. Apart from the coal subsidy there was every probability that the Budget forecasts would work out with substantial accuracy, though a coal subvention woidd cost the country an extra £21,000,000, of which three-quarters will be used for paying coal miners’ wages. The Government was entitled to make a detailed survey of the expenditure with a view to curbing increases. These were largely automatic, such as pensions. “All departments have been asked to frame estimates in the most modest manner, yet last autumn I was confronted with estimates of £30,000,000 above the lire sent year,” he said. Mr Churchill urged that schemes for economy must hang together, and must not he whittled down.—A. and N.Z. Assn.