RESTORATION OF GOLD STANDARD

Nelson Evening Mail, Volume LVI, 13 July 1925, Page 2

RESTORATION OF GOLD STANDARD

CRITICISM OF BRITISH GOVERN MEN’T

flii trio Telegraph.--Copyright ) • Sun Cable.) LONDON. July U-. Mr Lloyd George, in a speech, reieved to the trade balance. It was a new bleak record :in the history of British trade. The Government's premature, pircipi fate restoration of the gold standard had a disastrous effect on trade. It had made storing dearer and thereby increased the (nice of British goods. 1 li'.s ill-considered action was taken against the advice of traders. Mr Churchill had pul ih sovereign on stilts in order t" raise it.

RUSH TO ESCAPE DUTIES

LONDON. July 12. The Dailv Chronicle states that the June imports of motor cars. watches, clocks, cinema films, and musical instruments were rushed in to avoid the reirmpositiori of the .McKenna, duties on Ist July. The total equalled four ord'nary months' imports and these. to gether with silks similarly dumped to avoid Mr Churchill's new duty, caused a loss to the Exchequer estimated at a million sterling, which will cause tiedisappearnce of the etsimated revenue surplus for for the financial year.