BETTER STABILITY
BRITISH INDUSTRIAL ACTIVITY. TORONTO, July 5. ; . “In spite of the dire predictions concerning the future of Britain, the record of British industrial production during the post-war period is one showing greater stability than that of any other country, says the monthly letter of the Royal Bank of Canada: Th 6 letter contains a summary showing' that whereas the depression brought the index of industrial activity from 128 to 63 in the Unitec 1 ; States it has brought the British index from 116 in 1929 to between 95 apa 100 at present. When the world 4 prices begin to improve, the worlC tade takes an upward turn,-British industry will find itself well prepared to take advantage of the ■ improved demand in-foreign markets.
The letter declares: There is wide spread feeling that British stability and perseverance, in the : face of undue expansion and deflation of the past ten years, will restore Britain to World leadership, in both fiiiahce ahd Hi'HlVcrWfl i rtriyr.
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Hokitika Guardian, 8 July 1932, Page 7
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162BETTER STABILITY Hokitika Guardian, 8 July 1932, Page 7
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