VALUE HALVED
1933 WORLD TRADE GENEVA, Feb. 24. The League of Nations Economic Services Committee says that world trade figures for 1933 show that international trade was 30 per cent, lower in quantity and 50 per cent, lower in gold value than in 19219. There is no sign of returning prosperity internationally, though some countries show improved domestic activity, due to a diminution of international trade.
A majority of the countries remaining on the gold standard kept only 35 per cent. ol‘ their 1929 trade. America retained barely 25 per cent. Japan, on the basis of its national currency, lost 12J per cent, of its trade, and Australia only 5 per cent.
Permanent link to this item
https://paperspast.natlib.govt.nz/newspapers/PBH19340226.2.81
Bibliographic details
Poverty Bay Herald, Volume LXI, Issue 18332, 26 February 1934, Page 7
Word Count
112VALUE HALVED Poverty Bay Herald, Volume LXI, Issue 18332, 26 February 1934, Page 7
Using This Item
The Gisborne Herald Company is the copyright owner for the Poverty Bay Herald. You can reproduce in-copyright material from this newspaper for non-commercial use under a Creative Commons Attribution-NonCommercial-ShareAlike 4.0 International licence (CC BY-NC-SA 4.0). This newspaper is not available for commercial use without the consent of the Gisborne Herald Company. For advice on reproduction of out-of-copyright material from this newspaper, please refer to the Copyright guide.