EASING OF RESTRICTIONS
QUOTAS AND EXCHANGE HOPES OF CHANCELLOR LONDON, Oct. 7. Mr. Neville Chamberlain, the Chancellor of the Exchequer, speaking at a hankers' dinner, expressed the hope that a new era of world trade and prosperity would follow the removal of quotas and exchange control. Such a development, he said, should be the next step to the devaluation of the gold bloc currencies. Sterling would remain free, but in the end we would come back to an international monetary standard on the only basis giving general confidence, namely, a system based on the free exchange of gold.
The Chancellor added that the rearmament expenditure hud not gone far enough to affect Britain's trade revival, although it had upset the estimates. But even without this impetus, the country's trade continued to expand. International trade was also showing signs of revival, and progress was being helped by the growing realisation that economic nationalism could be carried to extravagant and harmful lengths.
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Poverty Bay Herald, Volume LXIII, Issue 19140, 8 October 1936, Page 5
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160EASING OF RESTRICTIONS Poverty Bay Herald, Volume LXIII, Issue 19140, 8 October 1936, Page 5
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