AIMS AT REVIVAL OF TRADE

Taranaki Daily News, 27 October 1932, Page 5

AIMS AT REVIVAL OF TRADE

BRITISH GOVERNMENT’S POLICY.

PRODUCTION AND EXPORT GOOD.

British Wireless. Rugby, Oct. 25. The Prime Minister, Mr. Ramsay MacDonald, replying to a question in the House of Commons, said the Government’s policy would continue to be to provide in every way in ite power the conditions requisite for a national revival in trade and industry by balancing the Budget, by converting the National Debt to a lower rate of interest as the opportunity offered, by facilitating the supply of cheap and abundant money, by stimulating trade within the Empire and by negotiating with foreign countries for the removal or reduction 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, Mr. MacDonald said, but on the points mentioned in the question (production and export) Britain had remained relatively unscathed since last December, while great declines were occurring in the United States, France and Germany.