THE WORLD'S TRADE
TARIFF BARRIERS SLIGHT SIGN OF REDUCTION. [ British Official Wireless. ] RUGBY, June 22. Mr F. C. Goodenough, chairman of Barclay’s Bank, speaking to-day, said that there was evidence of an increase in the world’s purchasing power, upon which commercial prosperity largely depended. He regretted that the tariff barriers showed such slight signs of reduction. Such barriers continued to exercise a restrictive influence upon international trade and to force up internal prices and the cost of living, whereas the increasing demands of civilisation tended to reduce the ability of each country to be self-supporting and to increase therefore the importance of international trade. The removal of the tariff barriers of the world’s markets would constitute a great step forward towards a more general trade" recovery than had yet taken place.
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Bibliographic details
Wanganui Chronicle, Volume LXXXIII, Issue 20181, 25 June 1928, Page 7
Word Count
131THE WORLD'S TRADE Wanganui Chronicle, Volume LXXXIII, Issue 20181, 25 June 1928, Page 7
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