SOLID BASIS
BRITAIN'S RECOVERY
''NOT DUE TO RE-ARMAMENT"
LONDON, January 26.
"The steadiness of Britain's recovery suggests that it is of a permanent and long-term .character," declared,- Mr. Rupert Beckett, presiding at the annual meeting of the Westminster Bank.
The recent setback, which was only slowing down of activity, was liable to attract exaggerated attention,, as it succeeded a long period of unbroken progress. The,view was gaining ground that the next few months would see the resumption of recovery in the United States. The relapse there was largely responsible for the present loss of confidence.'
Britain herself ' was "fortunately placed. Recovery each year had taken a.firmer hold, sending its roots deeper and deeper. The present prosperity was not due to re-armament, which represented only a fraction of the total output of industry../ i, The big expansion of imports was partly a reflection of the enhanced standard of living, but the adverse, balance emj^iasised the need for intensified efforts to expand overseas markets.
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https://paperspast.natlib.govt.nz/newspapers/EP19380127.2.44
Bibliographic details
Evening Post, Volume CXXV, Issue 22, 27 January 1938, Page 9
Word Count
162SOLID BASIS Evening Post, Volume CXXV, Issue 22, 27 January 1938, Page 9
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