COMMERCE CONGRESS

Southland Times, Issue 18935, 23 September 1920, Page 5

COMMERCE CONGRESS

EMIT Hi; EXCHANGE SYSTEM. FREFE RE N TEA L T RAD E. (By Telegraph.—Press .Assn.—Copyright.) tAustralian and N.Z. Cable Association.) OTTAWA, September 21. Mr F. J. Darling, of London, addressing the Congress of Chambers of Commerce at Toronto, suggested that a sound Empire exchange system might be established by the general is,--tie. of comparatively short-term exchange bills against, goods in transit, and an Empire bank acting as hanker. The Empire bank would have a central office in London and oliices throughout the Empire. Mr Darling said that if Empire exchanges made, the Empire economise, and while endeavouring to supply its own wants producing a surplus on led.litre for repayment of the debt to America, the advantages to all parts of the Empire would be considerable. Tin- Congress discussed preferential trade within tin- Empire. All the speakers favoured preference, though they pointed out many difficulties.