THE TRADE BALANCE.
BRITAIN’S POSITION. TRADING AT A LOSS. (Received Monday, 10.10 a.m.) LONDON, Sunday. Air. Lloyd George, in a speech, at Wisbech, referred to the trade balance. Britain for the first time was trading at a loss. It was a new bleak record in the history of British trade. The Government’s premature and precipitate restoration of the gold standard had a disastrous effect on trade. It made the sterling dearer and thereby increased the price of British goods. This ill-conditioned action was taken against the advice of traders. Mr. Churchill had put the sovereign on stilts in order to raise it. —Sun.
Permanent link to this item
https://paperspast.natlib.govt.nz/newspapers/WDT19250713.2.34
Bibliographic details
Wairarapa Daily Times, 13 July 1925, Page 5
Word Count
103THE TRADE BALANCE. Wairarapa Daily Times, 13 July 1925, Page 5
Using This Item
National Media Ltd is the copyright owner for the Wairarapa Daily Times. You can reproduce in-copyright material from this newspaper for non-commercial use under a Creative Commons Attribution-NonCommercial-ShareAlike 4.0 International licence (CC BY-NC-SA 4.0). This newspaper is not available for commercial use without the consent of National Media Ltd. For advice on reproduction of out-of-copyright material from this newspaper, please refer to the Copyright guide.
Log in