EMPIRE’S ECONOMIC POSITION.
GFROUD FOR OPTIMISM. Received May 13, 7.40 p.m. LONDON, May 12. Hon. Reginald AJcKcnna, speaking at Bradford, said there was no signs of a trade boom, but there was ground for optimism regarding recovery of trade. Manufacturers wore now requiring more money, and their turnover was becoming more rapid. It could not bo expected that a healthy revival could come until Britain was in a position to make further substantial reductions in taxation. Income tax and super tax were preventing the growth of capital, which was indispensible to progression in business. During recent months considerable loans had been made to dominions, colonies and foreign countries, and were being expended on the purchase ol British goods Export figtires were consequently swelled.
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Bibliographic details
Wanganui Chronicle, Volume LXXVI, Issue 18480, 15 May 1922, Page 5
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123EMPIRE’S ECONOMIC POSITION. Wanganui Chronicle, Volume LXXVI, Issue 18480, 15 May 1922, Page 5
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