EUROPE'S £60,000,000 FROM TOUR ISTS.
The net receipts of Europe from, tourists, chiefly American, during 1927 amounted to about sixty million, pounds sterling-, according- to an estimate given in a ‘Memorandum on International Trade’ just published by the League of Nations. Reviewing world trade from 1926-28, it, is stated that the rate of progress during those two years, when considered in relation to the fall in prices, reached the high figure of about .11 per cent. _ . The trade of the British Empire, which was just under 30 per cent of the total, only advanced at a rate of 2 per cent compared with 8 per cent for the world. Of individual countries Germany shows the greatest trade increase. with the United States second, and Canada third. Motor vehicles accounted for nearly half the net increase in exports, while the wireless trade increased by over 300 per cent since 1922.
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Dunstan Times, Issue 3465, 14 April 1930, Page 3
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149EUROPE'S £60,000,000 FROM TOUR ISTS. Dunstan Times, Issue 3465, 14 April 1930, Page 3
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