DISQUIETING SYMPTOMS
SEEN BY LORD ROTHERMERE TRADING FIGURES (United’ Press-'Association—By Electric Telegraph—Copyright) 'Received - 7th January, 9.30 a.m.) - ->',«• -i LONDON, 61 It January. Lord Rothemic-re in an article in the “Dispatch” says that the budgetary trading figures for 1935 exhibit the same disquieting symptoms observable in 1827-28, leading to the crisis in 1931. Expenditure is again mounting, and the adverse trade balance grew about £3,000,000 monthly in 1934. “If the tendency persists it may grow another £3,000,000 in 1935 which would lower the value of currency and increase the cost of living. Britain could live with only half the manufactured imports at present received which would decrease outgoings by £80,000,000 yearly, making us a creditor nation. The Government should immediately enforce the reduction of imports and prepare a counter to increasing Japanese competition, especially textiles, and also challenge Socialism and reinforce, the front bench, otherwise it will lose the next election which will be fatal to constitutionalism.’
Permanent link to this item
https://paperspast.natlib.govt.nz/newspapers/NEM19350107.2.50
Bibliographic details
Nelson Evening Mail, Volume LXVI, 7 January 1935, Page 3
Word Count
156DISQUIETING SYMPTOMS Nelson Evening Mail, Volume LXVI, 7 January 1935, Page 3
Using This Item
Stuff Ltd is the copyright owner for the Nelson Evening Mail. 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.