BRITISH TRADE

New Zealand Times, Volume L, Issue 11583, 28 July 1923, Page 6

BRITISH TRADE

MARKETS DISORGANISED

MAY LOOK TO RUSSIA FOR INCREASED SCOPE. MR BALDWIN AT GLASGOW. By Telegraph.—Press Assn.— Copyright Australian air! "N.Z Cab!e Association (Received Julv 27, 8.30 p.m.) i LONDON, July 27. I Mr Baldwin, addressing the Glasgow Conservative Club, said the Government was like a breakdown gang, the harder they worked the less they talked, and the* quicker the job would be done. When the gang came into nmver the resources of the future were mortgaged almost to the hilt. At the present time the markets of the world were disorganised, and the first essential step to combat the disorganisation in tho foreign markets was to settle the reparations with Germany. 111 tho long mn, he believed, we would have to look to Russia to provide increased 6Cope for trade wliich must be found to absorb German exports, which would be represented by the reparations. TRADE WITH LEVANT. Mr Baldwin feared that owing to the nature of the Lausanne Treaty it might not be as easy as it had been hoped to reopen trade with the Levant, and recover wliat. had been lost for nine years. The Turks had shown singular inability to understand our ideas of credit, and why Western nations pay such regard t.o financial obligations. But if our traders and the Turks got together again our prestige would give us a better chance than other nations. Referring to the Imperial Conference, the Prime Minister said it should he possible to devise a way in which, within the Empire, homes and work oould he found, the provision of both of which there are almost insuperable difficulties in this small island to-day.