GLOOMY FOREBODING

Te Awamutu Courier, Volume 65, Issue 5502, 24 July 1942, Page 4

GLOOMY FOREBODING

NOT JUSTIFIED “So far as business and industrial problems are concerned, the President of the Board of Trade and myself, in consultation with the Paymaster-Gen-eral, will be prepared to begin discussions and receive suggestions in regard to post-war problems with a view to making advance preparations. There is no justification in our general financial or economic situation for gloomy forebodings with regard to our position after the war. I feel great confidence that with wise and statesmanlike policy we can release the pent-up demand which will exist after the war at a rate to provide employment at a high level for our people for many years. We shall need to employ our people in reorganising indusary and agriculture, "rebuilding damaged cities and planning the organisation of our lives on an ampler and healthier basis. The restoration of our exports is a necessary condition of success, and one primary objective must be the greatest possible expansion of international trade. No country can have a greater interest than ours in such an objective. It follows that we have a vital interest in the prosperity of other nations, which is a first condition of that general prosperity on which the flow of internaticn trade depends.”—The Chancellor of the British Exchequer, Sir Kingsley Wood.