BRITAIN'S PROSPERITY

New Zealand Herald, Volume LXXIII, Issue 22596, 8 December 1936, Page 6

BRITAIN'S PROSPERITY

PROFITS IN INDUSTRY TRADE WITH NEW ZEALAND [BV TELEGRAPH —PRESS ASSOCIATION"" WELLINGTON. Mondaj Observations on conditions in Britain were made by Sir George Shirtcliife, who returned to Wellington by the Akaroa, from a trip to England. What impressed him most ' was the prosperous state of the country. There -was na doubt that the recovery had been steady and had bei?n based on traditional business lines, Sir George said. Many trades and industries were paying dividends of friini 10 to 15 per cent., a few were returning as much as 25 per cent, and others were making phenomenal profits. Wages were good and unemployment had been greatly reduced. Lndonotedly some of the increased productivity was due to the demand for armaments. . . , j New Zealand trade with Britain bad been very satisfactory, he continued. That no* doubt was due to the improved economic conditions in » e united Kingdom. An increase m the number of persons in employment, am also in the circulation of money. i the form of wages, had been the ciuei contributing factors. . The Dominion's guaranteed price scheme had somewhat perturbed tie market. The Tooley Street merchants who had been appointed agents umtrr the scheme would do their i for New Zealand, but there was bountt to be opposition from those tr - who had not been reappointed. Government prohibition or t.o. . c.i.f. purchases W speculative factor, which ._ir considered had been to the Don 1 .j. advantage, and the new policy worn adversely affect prices.