BETTER WORLD TRADE
OPTIMISM AT GENEVA CHEERFUL ANALYSIS GENEVA, October 3. A cheerful analysis of world trade and finance was made by Mr. Lovcday, head of the financial section of the League, when lie advessed one of the commissions of the Assembly. Comparing tho situation in July last with that in July a year ago, he said the volume of industrial production in America was some 70 per cent, greater. But this recovery was not confined to the United States, although there it had been the most rapid. “The. value of world exports rose by as much as 10 per cent, between April and July of this year (over £15,600,000). The gross poeentage increase was in the exports of all countries producing raw materials and crude foodstuffs. “This increase in trade and in productive activity is reflected in a reduction in unemployment. I n the United States over 2,000,000 have been, reabsorbed into industry since the recovery programme was initiated. In the United Kingdom the number of insured persons registered as employed has increased since the summer of last year by some 640.000. In France, Germany, Italy, and Belgium the numbers of unemployed have in recent pionths steadily rle- ■ rv.-A,"
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Bibliographic details
Poverty Bay Herald, Volume LX, Issue 18265, 7 December 1933, Page 10
Word Count
200BETTER WORLD TRADE Poverty Bay Herald, Volume LX, Issue 18265, 7 December 1933, Page 10
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