PROBLEM FOR BRITAIN

Poverty Bay Herald, Volume LXI, Issue 18586, 21 December 1934, Page 5

PROBLEM FOR BRITAIN

CHANGING WORLD TRADE

GROWING INDUSTRIALISM

BRITISH GOODS OUSTED

(Elec. Tel. Copyright—United Press Assn.) (Received Dec. 21, 11 a.m.) LONDON, Dee. 20. The Westminster Bank review discussing how the difficulties confronting British industries have been aggravated by the spread of industrialism in other countries, says nations whose role in the world economic organisation till the outbreak of the Great War had been that of primary producers have, become averse to continuing as hewers of wood and drawers of water for Western nations, and have been stimulating tne growth of their manufacturing industries.

Great Britain, in particular, has suffered from the development of secondary industry in the Far East, -South America, and the overseas Dominions. Manufacturing industries in what formerly have been mainly primary producing areas, have come to stay, and the problem for each individual British manufacturer faced with this new source of competition is to find alternativemarkets.

Wc probably cannot look for a return of the nineteenth, century world economic organisation, and a fairly rigid differentiation between suppliers of food and raw materials on the one hand, and manufacturing nations on the' other. If this is so, then for no nation is tit-more, serious than for the United Kingdom, which has depended for its very existence on the selling of manufactures to buy food.