TRADE STIMULUS.
BETTER TIMES IN LANCASHIRE. WORKING WEEK EXTENDED. IDLE MILLS IfE-STARTING. London, Nov. 4. Further evidence that better times are approaching in Lancashire is shown by the decision of the. section-of the cotton trade dealing with America to increase the working week from 261 to 32 hours, and they are expected to soon reach 48 hours. One hundred and fifty thousand employees are affedted. A year ago 50 to 60 per cent of Lancashire’s cotton mills were idle. Now there are only 15 per cent idle.—(A. and N.Z.) ’ BALDWIN GOVERNMENT’S PLANS London, Nov. 3. Tho “Daily Telegraph’s” diplomatic correspondent says the new Government hopes to stimulate export trade, first by limiting trade loans and credits 1 to the dominions and foreign countries which are willing to use them to buy British goods or lower their own tariffs in favour of British goods. It throws out a suggestion concerning tho Allies’ debts to Britain that countries which claim that they cannot fund tbeir debts to Britain without depreciating their national currencies by the export of gold, might give Britain a temporary equivalent to tho interest on war debts in the shape of a rebate on their tariffs on British goods—(A. and N.Z.)
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https://paperspast.natlib.govt.nz/newspapers/HBTRIB19241105.2.63
Bibliographic details
Hawke's Bay Tribune, Volume XIV, Issue 279, 5 November 1924, Page 7
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202TRADE STIMULUS. Hawke's Bay Tribune, Volume XIV, Issue 279, 5 November 1924, Page 7
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