BRITAIN'S FINANCE.

Rangitikei Advocate and Manawatu Argus, Volume XLV, Issue 12015, 18 March 1920, Page 5

BRITAIN'S FINANCE.

United Press Association—By .Electric Telegraph Copyright. London, March 16 Sir R. S.Horae, Minister of Labour, winding up a debate on high prices, in the House of Commons, said that during the first quarter of 1920 we paid off an appreciable portion of our debt and reduced the number of notes in circulation ; Ho believed the financial position was improving daily There was no cause for apprehension or despair. Sir R S Horne concluded with an optimistic reference to the, outlook for the export trade. • ' Sir Donald Mac Lean’s motion was rejected by 258 votes to 80 A White Paper has been issued indicating legislation authorising the Board of Trade to grant credits up to twenty-six millions in connection with the export trade, where found advisable owing to circnmstanoes arising ont of the • war. The proposed powers date from September 9th, 1919 Tbe credits are exercisable within three years, and repayable within six years.