“NOT DONE YET”

New Zealand Times, Volume XLIX, Issue 11223, 31 May 1922, Page 6

“NOT DONE YET”

POSITION OF MOTHER COUNTRY. BRITAIN’S INDUSTRIAL PROSPECTS. V Professor Pringle, speaking at the Rotary Club luncheon yesterday, ridiouled the idea of Germany flooding the British market with -imports at the present time. Since he had come cut here, he said, he had found only one type of New Zealander for whom he had a certain amount of dislike, and that was the New Zealander who went Home on a holiday trip, interviewed the second assistant to the third assistant of the High Commissioner in London, spent two -or three evenings in the club, rushed 1 across to Germany, talked to some of the railway porters and some of tho waiters in the hotels, and 1 then came back here and said that the Old Country was done for and that Germany was the most prosperous country in the world. i “The Old Country,” declared Professor Pringle, “is not done for. Once Europe is stabilised, British industry has now far greater productive power than ever in tlic past. If we could only get Europe stabilised, the stream of British exports would be far, far greater than in the past; and we need not worry about German goods flooding the British market. In 1913 41) million pounds worth of goods were imported from Germany; but in 1921 only 8) millions were imparted.”