INTER-EMPIRE TRADE

Otago Daily Times, Issue 18050, 25 September 1920, Page 9

INTER-EMPIRE TRADE

EFFECT OF ADVERSE EXCHANGE.

CHAMBERS OF COMMERCE CONGRESS.

Press Association—By Telegraph—Copyright. NEW YORK, September 23 (Received Sept. 24, at 11.15 p.m.) According to a Toronto message, the most _ important matter under consideration in the Chambers of Commerce Congress was the Empire preference. There was a strong British minority--nainely Yorkshire and Lancashire interests,—who favoured inter-Empire freetrade- rather than Imperial preferences, but they were outvoted. The Congress felt that the best solution of the present adverse exchange situation was the development of interEmpire trade. The Canadians, however, pointed out that it would be difficult to stabilise the exchange as it concerns Canada, since by force of circumstances New \ork is the clearing house for Canadian business. One of the main tendencies of the Congress was toward the closer development of the relations between the United States and the British Empire.—A. and N Z Cable. " ' NEW YORK, September 23 The Congress of Chambers of Commerce at Toronto adopted a series of resolutions favouring closer relations between the Empire's trade bodies, the development of shipbuilding, the maintenance of shipyards, and the development of British and Canadian natural ports. Mr W. F. Burdett, of St. John, Now Brunswick, said that the commerce of the α-inadian interior still tended to flow through the United States.—A. and N Z Cable. ' '