BRITAIN’S FUTURE TRADE

Timaru Herald, Volume CXLVIII, Issue 21576, 12 February 1940, Page 11

BRITAIN’S FUTURE TRADE

Forecast Of Post-War Conditions

United Press Association—By Electric Tel egraph —Copyright

(Received February 11, 6.30 p.m.) LONDON, February 10. Official circles are inclined to resent inquiries about preparations for an Immediate post-war period, but the "Economist" says that It is by no means futile to look ahead and asks how is Britain’s trade likely to fare?

“It is probable that primary products will continue to fall in price in terms of manufactures, but the extent of the relative fall is likely to be smaller than in the last 20 years. There Is unlikely to be the return to comparative free trade obtaining before 1940. However, the Italian and German policies of extreme national selfsufficiency are likely to be modified. The growth of manufacturing industries in primary producing countries will continue after the war, but as they raise the standard of living it is likely to load to expansion rather than a contraction of their foreign trade.”