Britain To Meet Any Challenge In Export Goods
(11 a.m.) LONDON. Sept. 6. ‘ Mr. Ilarold Wilson, President of the Board of Trade, told the Glasgow Chamber of Commerce today that for the first time in living memory exports had become the “verv means of survival” for Britain and not merely a means of getting profitable orders or making inroads into mass unemployment.
Since the war ended. Britain’s export trade had increased in volume at a rate half as great again as it was 10 years ago. At the end of last year, she was paying her way in the world as a whole. Mr. Wilson said that Britain had, alone- in Europe, increased the proportion of her dollar imports paid for by dollar exports. That increase was from 27 per cent to 36 per cent. In spite of this two-thirds of Britaints dollar expenditure was being met by external aid and was the most dangerous drain in the sterling area reserves. The problem in 1947 and 1948 had been how much they could produce, he said. The problem now was how much they could sell —not the ouantitv of production but its cost. This year’s resolve was that whatever challenge was presented it would be met.
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Gisborne Herald, Volume LXXVI, Issue 23044, 7 September 1949, Page 7
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206Britain To Meet Any Challenge In Export Goods Gisborne Herald, Volume LXXVI, Issue 23044, 7 September 1949, Page 7
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