SIGNS OF PROSPERITY
BANK CHAIRMAN'S REVIEW
(BBITISB OFFICIAL WIBZLESB.) RUGBY, January 29. In his annual address to shareholders of Lloyds Bank, Lord Wardington, the chairman, described the present outlook for commerce and industry as encouraging. He said that wherever one looked, even in the depressed areas, prosperity was visible and all the signs, such as the figures of employment, the reduced amount of unemployment, the increased valued of commodities and of industrial shares, the full order books of the clearing houses, railway and retail sales and returns and the reduced figures of bankruptcy and bad debts, pointed in the same direction.
There was also the satisfactory feature that the fundamental basis of good international trade was present in that the higher prices of primary commodities were fulfilling their function of restoring prosperity to countries of primary production and putting them once more in a position to place orders in industrial countries for the secondary products which they needed.
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Press, Volume LXXIII, Issue 22005, 1 February 1937, Page 4
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158SIGNS OF PROSPERITY Press, Volume LXXIII, Issue 22005, 1 February 1937, Page 4
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