Snowden, Chancellor the Exchequer, said'he shared. the view of the Federation of British Industries in their latest repor? that there were signs of improved trade. He added, "When it does come I think it will come with considerable rapidity. So long prices are low and there is the impression that they have not. yet touched rock bottom there will be reluctance to buy, but s0 soon a8 the impression becomes general that trade prices are rising it will be a very great stimulus to trade'
He expressed confidence regarding the future of British trade. Its percentage of the. total of world trade was slightly less than fomer-ly but as other countries became in dustrialized that was inevitable. was volume not proportion that mattered. World trade was till in its infancy. At least two-thirds of the population of the world had still a low standard of living and as they! Progressed their demand for manu factures from other efuntries would increase.
"Speaking of world conditions which had contribution to trade depression, Mr. Snowden said he welcomed the increasing attention being mid to the affect of maneery policy upon industry. He had no Goubt that interested governments would take any necessary action upon the report shortly to be issued by the League of Nations Committee—Wireless through Reuter.
Text read from the printed page and cleaned; old type leaves the occasional error.