MORE CONFIDENCE

Poverty Bay Herald, Volume LIX, Issue 17955, 6 December 1932, Page 10

MORE CONFIDENCE

BRITISH TRADE REVIVAL “I feel confident,” said Sir Francis Groodenough, speaking on a civic occasion in England last month, ‘‘that this winter will see the beginning of the end of this nightmare of trade depres- • sion, unless t.ie nations of the world fail tragically to come to some reasonable settlement on disarmament, on the one hand, >nd on the other, to find, through the VVorld Economic Conference, some way to a removal, or at least a mitigation, of the artificial barriers of exchange restrictions, quota import and export restrictions and the like that are at present damming the natural streams of international trade.” Sir Francis is chairman of the British Commercial Gas Association. He refused to believe, lie said, that the world was so bankrupt of statesmanship that we should be allowed to drift further; away from economic sanity and international goodwill on to the rocks of tariff wars or into the maelstrom of armed strife. Purely we had, all nations in [Treater or less degree, suffered enough f * >ui strife between nations, economic and political, to have learned to abhor it, and to seek the better way of cooperation tnd mutual goodwill. “I. for no,’' lie said, “believe that the present is the dark hour before the dawn, not the deepening gloom before a storm; and that before many months have passed wr shall see trade reviving steadily, if perhaps slowly.”