Britain’s Smooth Economic Change Over

Northern Advocate, 7 September 1939, Page 5

Britain’s Smooth Economic Change Over

LONDON, September 5. The “Financial News” pays a warm tribute to the thoroughness of the preparations which have : enabled Britain’s economic system to pass smoothly from near war conditions to those of war.

It says: “There is none of the hasty improvisation of 1914. “One gets the impresison of a welloiled machine at work.

“The preliminary financial measures are drastic, comprehensive and sensible.

Control Measures,

“Such measures include the complete control of the foreign exchange market and the domestic and financial position, as well- as steps to prevent emergency difficulties in the money market. “The 1 whole plan of campaign of the authorities appeal’s to be a mixture between the control and maintenance, as far as possible, of the existing institutions. Confidence In London.

“The control consists for the most part of the control of prices and the control of the distribution of supplies through priority schedules, —such control being exercised through industries’ own organisations.” “There is evidence in the city, according to this newspaper, of considerable confidence in the capacity of Britain’s economy to undergo efficiently and rapidly the changeover from peace to war.

Normal Conditions.

An Independent Cable Service message states that Britain is rapidly returning to as near normal conditions as possible during wartime. The Pier Cinema at Aberystwyth, was the first picture house to reopen, on condition that somebody r was posted to listen for air-raid warnings as a provision against panic. \ The 8.8. C. hopes soon to resume normal programmes instead of the present gramophone records, interrupted by news bulletins. The British Communist Party has disbanded, and future meetings are banned.