BRITISH TRADE PROBLEMS

Taranaki Daily News, 17 July 1929, Page 9

BRITISH TRADE PROBLEMS

—• ——« DRASTIC RE-ORGANISATION EXPORT TRADE VITAL POINT RESTORING HOME MARKET British Official Wireless. Rugby, July 15. The immediate problems in British trading industries turned upon export trade, said the Preaident of the Board of Trade, the Rt. Hon. William Graham, in a speech at Edinburgh to-day. Coal exports were better than for some time, bit were well behind the pre-war totals. One of the most difficult problems the Government had to face was how to secure that drastic internal re-organisa-tion that was required. How to maintain peace in industry, especially when the existing agreements began to expire in December of the present year, wc i another problem.

Cotton, like iron and steel, would be the subject of immediate review by tho Government, and in the course of a few days Mr. Graham hoped to announce in Parliament what form these inquiries would take. There would be no delay. The whole object was to have a competent but expeditious review and to use all material bearing on every aspect of the cotton, iron and steel industries offered either by employers oj- trade unions whatever might be their view of the future organisation of the industries.

These steps were essential in schemes to restore the value of the home market and to give Britain renewed chances in the export market.