TRADE DIFFICULTIES.

New Zealand Herald, Volume LXIX, Issue 21145, 31 March 1932, Page 15

TRADE DIFFICULTIES.

A BRITISH VIEWPOINT. influence of reparations. t Fw manufacturers, the past year lias OQ e °t exceptional hardship," states f February issue of the British National of Manufacturers' Journal. "There an be no real headway until more pro'S- inade toward ti:f solution of the "acuities which are hampering trade deV{ |(ipmerit. • -jOf"these, a settlement of reparations the most urgent. Tt is not. possible to c. n'ie the payments to the United ><* ; ""i I'rnncex which have been aciiiifjei- t)i ( > Young Plan. If these (![,?• had seen their way to reit k!! g tariffs to a point at which in pr-ieiicnliln to sell at. a profit, markets a sufficient quantity of covr! " 'he agreed annuities, the _ -or countrir-s might have gone on j~. v| ne for gome years to come. Tn that jj®6 the liquidation of the debt could have *n spread over a longer period with a *i™n t reduction in the yeailv |»• iy'"lt- 'f Nearly any such solution is tjjj, o ,question without a guarantee i the reduced annual instalments can t,f er ,difficultie s confronting a solution y, tI " n 'j an d normal marketing mentioned failure of gold to function Credit I a,s a basis °f exchange and tj-if,' .' lc p ffect of high and increasing ari(] ,l n a " the markets of the world, *hich ? XCPSfiIVR public expenditure l]Jy j' many nations, but more espeej*Wd i' 3 ' n * v,af> I'laeinK on industry en beyond what could he borne.