EMPIRE TRADE.

Otago Daily Times, Issue 20833, 27 September 1929, Page 10

EMPIRE TRADE.

AN IMPROVED OUTLOOK. address by new commis- - SIGNER. (Per United Press Association.) WELLINGTON, September 26. Mr L. A. Paish, the recently appointed British Trade Commissioner, was the guest of .the Wellington Chamber of Commerce at luncheon. In regard to trade since the war he said there had been a very definite movement in what might be called the centre of gravity of the export trade of the world. Before '-the war, possibly - onehalf of the world’s trade emanated from Europe; to-day about one-third was the figure. It was only to he expected, therefore, that there should be some diminution in Britain’s volume from the pre-war state of affairs. Most were now working from T 024 as the datum year and in the last five years British exports had increased by 8 per cent. If they confined themselves to British, manufactured goods the figure was over 10 per cent. She bad actually 7 per cent, more people employed than in 1924. • After dealing with particular industries, he said he did pot feel at all pessimistic about the prospects of the Homeland. With the increasing wealth and development of the Empire, there was every reason to expect an increase and development of Inter-Imperial trade.