PROBLEMS OF CABINET.
RECTIFYING TRADE BALANCE. NO ANXIETY OVER STERLING. LONDON. Dec. 4. " I am speaking of a position unprecedented for many years when I am unable to deliver the goods myself," said Mr. Stanley Baldwin, Lord President of the Council, at Aberdeen. " As a member of the National Government, I ciiri only say I hope we may bo able to do so. It is not easy for men, hitherto antagonistic on many subjects, to reach a common agreement. It is like a team of international football stars having to learn teamwork, but we arcs going to make the team able to play any team in the country." Mr. Baldwin pointed out that tho exact figure of the adverse trade balance was unkno.wn, but it was probably £100,000,000 a year. Until that was rectified, stabilisation of the currency was impossible, but the internal value of the pound was steady, for which they had to thank the balancing of the Budget and the confidence of the people and the world in the Government's honosty and good faith. " I am convinced that there is no reason for anxiety at tho drop of sterling abroad. That is due to seasonal reasons and also to the payment for an unusual amount of imports. That is a matter with which tho Government is dealing."
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New Zealand Herald, Volume LXVIII, Issue 21049, 7 December 1931, Page 9
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219PROBLEMS OF CABINET. New Zealand Herald, Volume LXVIII, Issue 21049, 7 December 1931, Page 9
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