27 JANUARY 1933, Page 34

CHEAP MONEY AND TRADE.

A feature of the speech recently delivered by Mr. Colin F. Campbell to shareholders of Alexanders Discount Company was his survey of developments in the Money Market last year. Among other things, Mr. Campbell pointed out that the extreme cheapness of money had entirely failed to confirm the idea so industriously promulgated by certain eminent economists that cheap and plentiful credit would stimulate trade. " I think," he said, that we must recognize that a plentiful supply of money is not the only condition necessary for an improvement in trade." The City generally will certainly agree with Mr. Campbell in this assertion. A. W. K..