EXPANSION OF TRADE

Poverty Bay Herald, Volume LXIII, Issue 19099, 21 August 1936, Page 5

EXPANSION OF TRADE

BRITISH INDUSTRIES INCREASED PRODUCTION (British Official Wireless.) Reed. 9.30 a.m. RUGBY, Aug. 19. The Board of Trade index of industrial production gives evidence of the continued expansion of British trade. The industrial activity in the United Kingdom is estimated to have been 0.5 per cent greater in the second quarter of 1936 than in the previous quarter and 10.9 per cent greater than in the second quarter of 1935. The indices, both for manufacturing industries and all groups, represented the greatest volume of production in any quarter so far recorded, although normally there is less activity in the second than in the first quarter of the year. The redistribution of British overseas trade in favour of Empire countries continues. Imports into the United Kingdom from British countries during the first half of 1936 amounted in value to 41.53 per cent of the total value of all imports, compared with 40.08 per cent in the first months of last year, and 31.36 per cent in the corresponding period of 1924. Exports of British produce to British countries accounted for 48.64 per cent of the total value of the exports, against 46.43 per cent and 40.71 per cent, respectively in the. two previous years.