TRADE OF BRITAIN.

New Zealand Herald, Volume LXVI, Issue 20249, 8 May 1929, Page 11

TRADE OF BRITAIN.

STEADY UPWARD TREND.

INCREASE IN EXPORTS

British Wireless. RUGBY, May 6. Sir Philip Cunliffc-Lister, President of the Board of Trade, in a review in the House of Commons, of present trade conditions and prospects, said that taking 1924 as the base year the exports in 1928 increased by 4.6 per cent, and manufactured exports increased by 7.8 per cent.

If ono took tho first, quarter of this year and compared it with the corresponding quarter of 1924, the total exports showed an improvement of 9.2 per cent., and manufactured exports were 14.1 per cent, better.

Industrial production generally had increased by 5.2 per cent, in 1928, as compared with 1924. If one took the manufacturing production the increaso was 9.2 per cent. These tacts showed that trade was steadily taking an upward trend. Referring to cotton Sir Philip said that when the American section of the cotton trade had set its house in order, and put forward a scheme of reorganisation which really faced the facts and dealt with the buying, manufacturing and selling, it would be in a position to demand all the finances it required, and the Bank of England would be ready to lend it money up to £2,000,000.