THOUGHTS FOR THE TIMES.
Britain's Trade Difficulties. The main cause of Britain’s trade difficulties is the impairment of world trade in general, due to the war, and its aftermath. As a trading country Britain has not lost ground, on the contrary, she has gained, for, while in 1913 British exports were 13 jkocent, in value of the total exports of all countries, in 1923, they were 14 per cent, of that total. Compared over the same years British imports, too, have increased from 14.2 to 15.7 per cent,, of the total imports of all countries. But despite this increase in Britain’s relative-share of the world’s trade, the volume of British exports in 1923-24 was only 80 per cent, of 1 what it had lieen in 1913. Thus it is A to tlie reduction in world trade, and not to any reduction of Britain’s share in that true, which indeed has increased, that the economic difficulties of Britain are chieflv due.
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Hokitika Guardian, 26 January 1926, Page 2
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160THOUGHTS FOR THE TIMES. Hokitika Guardian, 26 January 1926, Page 2
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