BRITAIN’S RECOVERY
“Permanent, Long-Term Character” (Received January 27, 1.30 p.m.) London, January 26. - “The steadiness of Britain’s recovery suggests that it is of a permanent and long-term character,” declared Mr. Rupert. Beckett, presiding at the annual meeting of the Westminster Bank. The recent setback, only , slowing down of activity, was liable to attract exaggerated attention, as it succeeded a long period of unbroken progress. The view was gaining ground that the next few months would see the resumption of recovery in the United States, The relapse there was largely responsible for the present loss of confidence. Britain herself was fortunately placed. Recovery each year had taken a firmer hold, sending its roots deeper and deeper. The present, prosperity was not due to rearmament, which represented only a fraction of the total output of industry.
The big expansion of imports was partly a reflection of the enhanced standard of living, but the adverse balance emphasised the need for Intensified efforts to expand overseas markets.
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Dominion, Volume 31, Issue 104, 27 January 1938, Page 13
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163BRITAIN’S RECOVERY Dominion, Volume 31, Issue 104, 27 January 1938, Page 13
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