On (29 Mar 95) Bob Lawrence wrote to Keith Richardson...



 RS> When we have a positive balance of trade with the fastest

 RS> growing sector of the world by far, and with every single

 RS> country in it if you lump HongKong and China together except

 RS> Brunei, which is so small it doesnt matter a stuff, no point in

 RS> getting too hysterical.



 KR> there seems to be something of a difference between your view

 KR> of the state of our balance of trade and that of everyone from

 KR> the bureau of stats to standard and poors. we were recently

 KR> described by one authority as resembling mexico.



 BL>   ROFL! You have to admire Rod for sticking to his beliefs in spite of

 BL> all evidence to the contrary. He keeps talking of our positive balance

 BL> of trade while we run at a deficit of $2,000M a month! And have done

 BL> for the last 10 years.



 BL>   I think his problem is that he confuses manufacture with capital. If

 BL> a local manufacturer closes down, the capital remains, and he merely

 BL> shifts manufacturing offshore. Rod counts that as local manufacture.



no his problem is simpler than that, he just confuses (: 

i thought though that you had all the thoughts of chairman rod twitted.



                        Keith



... If you aren't living on the edge, you're taking up too much space.



--- PPoint 1.88