BRITAIN'S TRADE.
OPTIMISTIC OUTLOOK.
APPROACHING PRE-WAR DAYS.
EFFECT OF U.S.A. ACTION.
( Australian & N.Z. Cable Assn.) (Received October 31, 11.30 a.m.) LONDON, October 30.
The Federation of British Industrie* in its quarterly economic supplement, optimistically forecasts the prospects for the remainder of 1927. Although the international horizon is far from clear, and its own immediate.position full of difficulty, the British trade outlook is brighter than at almost any post-war period. Three months ago a rise in the bank rate seemed inevitable, and further expansion of trade consequently remote, but the unexpected reduction of the United States' rediscount rate with the openly-avowed object of lieving the monetary stringency in this country, transformed the whole outlook, and it is now possible to- look forward to a restoration of the balance between Home and foreign trade more nearly approaching pre-war days.
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Waikato Times, Volume 102, Issue 17243, 31 October 1927, Page 7
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137BRITAIN'S TRADE. Waikato Times, Volume 102, Issue 17243, 31 October 1927, Page 7
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