TRADE REVIVAL
CHEAPER MONEY BRITISH GOVERNMENT’S POLICY INTEREST ON NATIONAL DEBT (British Official Wireless.) Rugby, October 25. The Prime Minister, replying to a question in the House of Commons, said the Government’s policy would continue to be to provide in every way in its power the conditions requisite for a national revival of trade and industry by balancing the budget, by converting the national debt to a lower rate of interest as opportunity offered, and facilitating the supply of cheao and abundant money by stimulating trade within the Empire and by negotiations with foreign countries for the removal or reducing of existing barriers to international trade. No country could hope to escape altogether from the effects of such a state of depression as now existed throughout the world, but on the points mentioned in the question, namely, production and exports, Britain had remained relatively unscathed since last December, whilst great declines were occurring in the United States, France and Germany.
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Southland Times, Issue 21848, 27 October 1932, Page 5
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160TRADE REVIVAL Southland Times, Issue 21848, 27 October 1932, Page 5
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