TRADE OF NATIONS

Dominion, Volume 26, Issue 30, 29 October 1932, Page 11

TRADE OF NATIONS

Britain’s Possibilities HIGHEST STANDARD No Overproduction of Food (By Telegraph.—Press Assn.—Copyright.! London, Oct. 27. Britain's international trade may double Itself in fifty years, Dr. Herbert Levinstein told the Imperial College of Science. He quoted figures showing that if the world raised its trade to the British standard, the world’s commerce would be multiplied six-fold. If the trading capacity of the Asiatic equalled the African’s, the world’s trade would increase 30 per cent., he said. Russia’s efforts to increase her manufactures would ultimately benefit the world. Dr. Levinstein said that there was no over-production of food, as the greater part of the population of the world was underfed. The fall in commodity prices was originally due to the shortage of gold. Britain could easily pay her war debt to America by mining weaker ores than private enterprise was prepared to mine. Dr. Levinstein was formerly managing' director of Levinstein’s Ltd. and of the British Dyestuffs Corporation. Heis a gold medallist of the Society of Chemical Industry and a past president or the Society of Dyers and Colourists and of the British Association of Chemists.