BRITISH PROSPERITY
In the United States (says the Western Mail, of Cardiff) there are alternating periods of boom condi tions and slump threats: in Germany currency trouble and intensified economic nationalism hamper the expansion of international trade in France the new labour laws and a succession of political embarrassments at home menace the body economic; Italy’s intransigence , estranges the democracies: Spain’s civil war eliminates that countrv from the industrial field: and Japan hews a blasting path through the great trading lands of the Far East Yet Britain goes on building and prospering. We have not reached the peak; there is always a higher peak. Nothing in this story is more remarkable than the resurgence of South Wales, still a “ special area ” and heir to problems of the long depression which have so far defied solution, but surely if slowly lay ing firm foundations for the new in dustrial era that approaches. New industries are here, others are on the way. and King Coal is sitting more easily on his throne.
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Otago Daily Times, Issue 23436, 26 February 1938, Page 8
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170BRITISH PROSPERITY Otago Daily Times, Issue 23436, 26 February 1938, Page 8
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