NATIONAL PROSPERITY

Taranaki Daily News, 8 October 1928, Page 9

NATIONAL PROSPERITY

INDEX TO PEOPLE’S WEALTH. By Telegraph—press Assn. —Copyright. Received Oct. 7, 5.5 p.m. London, Oct. 6. The Economist, which has often called attention to the inedaquacy of British statistics on production, commerce and national wealth, publishes an important supplement giving the result of the recent inquiry by Mr. G. D. Rokeling relative to the degree of national j prosperity for the past eight years. j Mr. Rokeling first made an index of production based on the volume of raw material worked up by industry, the consumption of coal and the number of productive workers. He combined this with an index of the net real income from foreign investment, and divided the resulting figures by the index of the population in order to give the index of real national income per capita. Thus computed Mr. Rokeling’s index 1 numbers on national prosperity for the years 1920 to 1927 work out at 101, 77, 89, 93, 100, 100, 91, and 105.