TRADE RECOVERY IN BRITAIN

Timaru Herald, Volume CXXXVII, Issue 19672, 14 December 1933, Page 9

TRADE RECOVERY IN BRITAIN

CAUTIOUS REVIEW BY BANKER STRENGTH OF INDUSTRY AND FINANCE United Press Association—By Electric Telegraph—Copyright • Received December 13, 5.5 p.m.i RUGBY. December 12. Viscount Churchill, presiding at the annual meeting of shareholders of the British Overseas Bank, stated that despite various new and unsettling factors. the first faint signs of trade improvement. noticeable a year ago. had ! definitely grown stronger. Indeed the force behind this favourable development must be very much greater than could be measured by the actual recovery shown Even more reassuring was that this progress was largely the outcome of regained confidence among the business communities, especially in Britain, who had begun to recover from the shocks of the last few years and adapt themselves to new’ conditions. He believed they could look forward with increasing confidence. LARGE INCREASE IN EXPORTS. FAVOURABLE RETURN IN BRITAIN United Press Association—By Electric Telegraph—Copyright • Received December 13, 5.5 p.m.) RUGBY, December 12. Dr. E. Leslie Burgin (Parliamentary Secretary to the Board of Trade) stated that the export of British manufactured goods in November, 1933, had risen by 14 per cent from November. 1932, the total value being £34,000,000 compared with £28,000.000 in July. 1933. since when there has been a continual rise. IMPROVED FINANCES IN BRITAIN SUBSTANTIAL INCREASE IN REVENUE. United Press Association—By Electrlo Telegraph—Copyright (Received December 13, 5.5 p.m.) RUGBY. December 12. The latest Treasury returns show that the ordinary revenue for the current financial year to December 9, amounted to £385,189.086, compared wjth £375,137,801 at the corresponding date in 1932. The ordinary expenditure to date, for the current year totalled £528.455,783. as compared with £479,962,009 at the corresponding date last year.