BALANCE OF TRADE.

Taranaki Daily News, 10 March 1924, Page 5

BALANCE OF TRADE.

INFLUENCE OF THE EAST.

ORIENT DEMANDS A PLACE. MR. HUGHES IN AMERICA. : i xr» -ruiegrapn—rress assn.—uopyngrru Received March 9, 5.5 p.m. New York, March 7In a speech at Seattle, Mr. W. M. Hughes, ex-Premier of Australia, said: “The East, with' its teeming thousands of millions, is becoming more and more evident as the potential factor in the world’s trade.

“The whole balance of trade grows through consumption, and consumption grows with a wider conception of life by the masses. The masses of the Orient are getting this through being inoculated with the virus of Western civilization.

"The people of the United States must take full measure of their geographical and commercial vantage ground. You are the nearest and broadest gateway to the world, which has been asleep, but is now ’awake; which once dined upon a crust and now demands a place at the world’s banquet table.”