BRIGHTER OUTLOOK
CONDITIONS IN BRITAIN. BETTER THAN A YEAR AGO. NATIONAL FINANCES SOUNDER. (United Press Association—By Electric Telegraph.—Copyright.) (British Official Wireless.) Received January 28, 12.50 p.m. RUGBY, Jan. 27. Rt. Hon. Reginald McKenna, chairman of the Midland Bank, in an address to the shareholders at the aaLnual meeting, described the conditions in Britain to-day as distinctly bettor than a year ago notwithstanding the persistence of the high level of unemployment. “Our national finances are sounder,” he said, “and a marked reduction has been made in the balance of imports over exports. The volume of business has been fairly maintained, new industries established, and, though the exchange and other restrictions are stifling trade with foreign countries, there are signs of steady development of experimental trade. This improvement has not been helped by events abroad. The hopes arising from the Lausanne Conference have vanished in the face of the disappointment regarding the war debts to America.”
Permanent link to this item
https://paperspast.natlib.govt.nz/newspapers/MS19330128.2.60
Bibliographic details
Manawatu Standard, Volume LIII, Issue 52, 28 January 1933, Page 7
Word Count
154BRIGHTER OUTLOOK Manawatu Standard, Volume LIII, Issue 52, 28 January 1933, Page 7
Using This Item
Stuff Ltd is the copyright owner for the Manawatu Standard. You can reproduce in-copyright material from this newspaper for non-commercial use under a Creative Commons BY-NC-SA 3.0 New Zealand licence. This newspaper is not available for commercial use without the consent of Stuff Ltd. For advice on reproduction of out-of-copyright material from this newspaper, please refer to the Copyright guide.
Log in