BRITAIN'S HAPPY POSITION

Taranaki Daily News, 14 October 1933, Page 7

B RITAIN'S HAPPY POSITION

REGAINING DEAL OF TRADE STEADY INCREASES SHOWN NOW BEST CREDIT IN WORLD FEAT WITH COST OF LIVING British Wireless. Rugby, Oct. 12. The President of the Board of Trade, Mr. Walter Runciman, said Britain was in the happy position of regaining a big bit of its old position of the great major trader of the world. A comparison of the figures for the first halves of the. past three years showed in the vast majority of cases that the United Kingdom s share of imports into foreign countries either had been steady or had increased, and in some cases the increases had been very large. By contrast with the summer of 1931 Britain had now attained the position of being the strongest financial country in the world with the best credit. Britain had been able to place its national finances upon a foundation almost as secure as before the war. The Government would now do what it could for the British textile industry. After that it would turn its attention to steeL Although there was now a long list of import duties in force in Britain the cost of living had remained very much where it was in 1931, an achievement without parallel in the history of modem industrial countries.