BRITAIN’S TRADE YEAR

Dominion, Volume 28, Issue 85, 4 January 1935, Page 9

BRITAIN’S TRADE YEAR

Revival in Home Markets EXPORT RECOVERY SLOWER (British Official Wireless.) Rugby, January 2. Tn a survey of world ecenomic prospects, “The Times” says that in Great Britain the first half of last year brought a comparatively rapid revival of trade and, though in the second half the rate of recovery slowed down, there are as yet no indications that any serious reversal of ’ the upward trend is approaching. Indeed, at mid-Decem-ber the number of insured persons' in employment reached the highest figure on record, and Christmas trade was brisker than for many years. But the revival has been mainly confined to the home markets, and, though the export trade has made a slow but, continuous expansion for 18 months, many great industries have made little headway in this direction. The general trend of world trade, though not exhilarating, is at any rate mildly encouraging, says “The Times," for the tendency toward contraction seems to have been arrested. It points especially to the measure of recovery achieved by countries associaled with the sterling group, including not only the Dominions, like Canada, Australia, New Zealand, and South Africa, but also the Scandinavian countries, like Sweden, and some of the South American republics, like Argentina. Nor does “The Times” see any reason why their progress should not be continued during the coming year. TRADE WITH INDIA Changed Attitude Noted SPIRIT OF CO-OPERATION A (British Official Wireless.) (Received January 3, 5.5 p.m.) Rugby, January 2. Conditions and piospects of United Kingdom trade with India are reviewed in a report on the year 1933-34 by the Senior Trade Commissioner in India and Ceylon. In the course of the report he states that industrialists In both countries are at last realising that the interest of all parties can best be served by substituting a progressive spirit of co-opera-tion and mutual understanding for the old attitude of suspicion and mistrust.' He adds that the stimulus which this movement may be expected to exercise on trade is incalculable, and it is satisfactory to record that imports from the United Kingdom were remarkably well maintained in the last trade year over a wide range of competitive goods. t SHIPPING TONNAGE United Kingdom Returns (British Official Wireless.) (Received January 3, 5.5 p.m.) Rugby, January 2. The net tonnage of arrivals at United Kingdom ports of ships with cargo in the foreign trade running in November was 3.4 per cent, greater than in November, 1933. but entrances In ballast were 3.4 per cent. less. Departures with, cargo rose by 3.3 per cent., and ballast clearances fell by 3.3 per cent.