BRITISH ECONOMICS
ENCOURAGING SIGNS DECREASED UNEMPLOYMENT British Wirele-s RUGBY, Nor. 10 The Prime Minister, Mr. Mac Donald.
in the course of his speech at* the Lord Mayor's banquet, dealt with. home affairs. Ho cited many encouraging factors in the situation. Imports of raw materials —a big factor in national prosperity—had increased by one-third, he said, and exports by 10 per cent during the last quarter, and Britain was again the largest exporting country in the world. This was not the result of magic or currency manipulation, said Mr. Donald, but of sound economy. This was shown by the fact that 660,000 more people were at work than was t ie
case a year ago. If there were any doubts as to the continuance of tins improved prosperity, they arose, not irom intunal conditions, but from the state of the world outside.
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Bibliographic details
New Zealand Herald, Volume LXX, Issue 21647, 13 November 1933, Page 11
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141BRITISH ECONOMICS New Zealand Herald, Volume LXX, Issue 21647, 13 November 1933, Page 11
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