BRITAIN LEADING.

Waikato Times, Volume 109, Issue 18346, 4 June 1931, Page 9

BRITAIN LEADING.

RICHEST COUNTRY IN THE WORLD MORE PEOPLE WORKING. A cheering tonio for the British people is given In the indox published by the New York Trust Company, reviewing British economic conditions. The index points out that in spite of the existng unemployment, there are more people workng in Great Britain that, before the war. It goes on to say that British production of electrical machinery lias been doubled since 1913, and that Hie output of central electric stations lias been doubled since 1918, while an extensive scheme for the installation of electricity in every part of the country is making conspicuous progress. The production of rayon (artificial silk), the index adds, has been increased by J 700 per cent since 1913, and the output of British motor cars lias increased tenfold between 1912 and 1928. important advances have been made in aviation, road development, building, banking, insurance, and Ihe chemical industry. “On a 'per head’ basis, Great Britian is slill the foremost exporting country of Ihe world, and, if real values' are taken into account, possibly Iho wealthiest. Her foreign investments exceed (hose of the United Stales,” it is declared. The index points out Hie llrmness of British Government, .securities and Ihe scrupulous meeting of national obligations as additional indications of Ihe fundamental strength of Ureal Britain.