POSTWAR TRADE

Waikato Times, Volume 126, Issue 21036, 12 February 1940, Page 9

POSTWAR TRADE

BRITISH PREPARATIONS GROWTH OF MANUFACTURES (United Press Assn. —Eiec. Tel. Copyright) - LONDON, Feb. 10 Official circles are inclined to resent inquiries about preparations for the immediate post-war period, but the Economist says that it is by no means futile to look ahead. The journal asks how is Britain’s trade likely to fare. “ It js 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 during the past 20 years,” adds the Economist. “It is unlikely that there will be a return to the comparative free trade obtaining before 1914. However, the German policies of extreme national self-sufficiency are likely to be modified. “ The growth of manufacturing industries in primary producing countries will continue after the war, but as this will raise the standard of living, it is likely to lead to an expansion rather than a contraction in their foreign trade.”