BUSINESS IMPROVEMENT

Poverty Bay Herald, Volume LXII, Issue 18597, 7 January 1935, Page 7

BUSINESS IMPROVEMENT

A WORLD SURVEY

CONSISTENT RECOVERY

In a review of world business conditions the Royal Bank of Canada states that in ’Great Britain and in the countries of the Scandinavian Peninsula the total volume of production in 1934 exceeded that of 1938. Generally speaking, throughout the world there was slow but consistent recovery, in which the countries loosely classified as members of the sterling bloc led the way.

In Japan production is said to be 40 per cent, in excess of that in 1928, and throughout Latin America trade lias improved materially as compared with last year. In Canada improved prices for wheat and other agricultural products, the increasing production of the mining industry and the exceptional expansion in forestry are, indicative of the improvement which has become quite general throughout the country.

As yet there has been no general tendency throughout the world towards the reduction of tariffs, the bank states, but almost every country is engaged in making treaties with other countries, and the resultant reductions in trado barriers is an important element in the increase in tlie volume of trade. Perhaps the most constructive item of news is the recent announcement that France has abandoned rlie system of quotas. The bank contrasts the efforts towards the return to prosperity by means of large Government expenditures with those efforts which are based upon securing the co-operation of business and stimulating business enterprise, and initiative. It emphasises the fact that “uncertainty in regard t., future legislative action is most disturbing,” and states that “the business world seeks that stability and prosperity which can be best attained where basic laws are unchanging and peace is assured.”