STEADY IMPROVEMENT

Poverty Bay Herald, Volume LX, Issue 18249, 18 November 1933, Page 6

STEADY IMPROVEMENT

BRITAIN’S TRADE THE KING’S SPEECH PARLIAMENT PR GROG LED (British Official Wireless.) lice. I p.m. RUGBY, Nov. 17. BaHiaiuenl was prorogued to-day by Royal Commission and the new .session will he opened in state by the King on Tuesday. The King’s prorogation speech, read in the House of Commons by the Speaker, stated that he rejoiced to observe the steady improvement in trade and employment. Agreements, which he trusted would be found advantageous, had been concluded with a number of foreign countries, and negotiations with other countries for the conclusion of similar agreements would shortly he begun.

Having expressed gratification at the settlement of the question of flag discrimination in Portuguese ports, His Majesty, referring to 'the World Conference, said: “Considerable 'progress was made with certain questions, bui owing to unexpected developments in the international monetary and financial situation the conference was, to ii.-v regret, unable to reach conclusions oil certain important matters before adjourning. it is, however, satisfactory that the joint declaration of their views on some of the principal subjects raised at the conference was drawn up by the British Commonwealth delegations.”

Referring to the Disarmament Conference, Mis Majesty said: “My Government has taken an active pari throughout and the British draft was adopted in June last as a- basis of the proposed convention. J sincerely trust that the difficulties which have since arisen may he surmounted. The withdrawal of Germany from the deliberations at Geneva has necessarily dislocated the programme, but the work for international disarmament by agreement between the nations must lie, vigorously pursued. Wo have left in being suitable organisations charged with the task of fixing the date for reassembly and making the preliminary arrangements.”

On internal mutters the Speech said: “The continued willingness of my people to make .many sacrifices made it possible for this country, tilinost alone among the great countries of the world, to maintain a satisfactory balance between the national income and expenditure. Confidence has been restored by the sound financial policy, which accompanies the establishment of a reasonable measure of protection for the industries, of the United Kingdom. 'The number of unemployed, though, still, unhappily, far too large, has fallen substantially and continuously in recent months despite the usual seasonal trend in the opposite direct ion.’'