WORLD'S LEADING CREDITOR.
" This oountry still remains the world's leading creditor country, it is olear from comparative figures just puhlished by the League of Nations," says the oity editor of the Daily Herald. " Not even during the depths of the depression did we yield pride of place. In 1929 we :had a net income from overseas investments and shorfcterm loans, amounting to £815,000,000, which was more than twice the income from similar sonrces earned by the United Btates. AIthongh this large income had fallen three years later by 44.5 per cent to £175,000,000, the income of ( the United States had in the same period fallen by 35 per cent to £93,500,000. Since 1932 the position in this country has revived steadily, if slowly, but in the United States it has continued until recently to decline. Thus Britain's overseas investftept income stood at £215,000,000 in 1935, while that of the United States had fallen to £77,000,000.
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Bibliographic details
Hawke's Bay Herald-Tribune, Issue 98, 12 May 1937, Page 4
Word Count
155WORLD'S LEADING CREDITOR. Hawke's Bay Herald-Tribune, Issue 98, 12 May 1937, Page 4
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