TRADE OF BRITAIN.

Taranaki Daily News, 23 May 1924, Page 5

TRADE OF BRITAIN.

PRODUCTION COSTS HIGH. WORKERS RESTRICT OUTPUT. By Telegraph—Press Assn.—Copyright. Received May 22, 7.10 p.m. London, May 21. In his presidential address to the conference of chambers of commerce, Sir Arthur Balfour welcomed the advent of the Labour Government, and declared that the general effect had #een a straigtforward economic policy, which had been favourable in many ways, being especially (beneficial to exchanges facilitating the export of British goods, which, therefore, enabled the purchase of food overseas at a reasonable price. The high cost of production was seriously interfering with British trade. He deplored the workers’ policy of restricting the output. They must be taught that restriction was unprofitable. The nation wants a real production push, similar to that exerted in war-time. TRADE POOR AT PRESENT. HOPES FOR BOOM PERIOD. < Received May 22, 7.45 p.m. London, May 22. Mr. Sidney Webb (President of the Board of Trade), the House of Commons, announced the Government’s intention to appoint a committee to inquire into the export trade. He admitted that trade was bad at present, but he believed a boom might come in 1926.