FAITH IN BRITAIN.

Auckland Star, Volume LXI, Issue 228, 26 September 1930, Page 7

FAITH IN BRITAIN.

ECONOMIC POSITION SOUND. PROFIT ON INVISIBLE EXPORTS. COMMISSIONER OPTIMISTIC. (By Telegraph.—Own Correspondent.). DUNEDIN, this-day. Faith in the economic future of Great Britain was expressed by His Majesty's Trade Commissioner, Mr. L. A. Paish, in an address at , the Otago Boys' Higli School, in which the necessity was. stressed of each and everyone being advocates for Empire trade. Mr. Paish took as his subject "The economic position of Great Britain," and lie stated that the economic position of Great Britain at present was sound, as.could be seen when it war mentioned that its invisible exports last year were valued at £133,000,000, which represented a profit of 12$ per cent, whereas . New .Zealand's invisible exports last year had shown a loss of 20

Mr. L. A. Paish. P ei j ® e , . . There is'llo need for pessimism where Great Britain is concerned," continued Mr. Paish. Although Great Britain, in common with oilier countries, was passing through depressing times, he added, there was 110 doubt that with courage and determination it would win through 111 its trade fight with other countries. Though there was still a good deal of unemployment at Home it was a fact that there were more people employed now than there had been at any time since before the war.