WORST IS OVER
LEAGUE OF NATIONS BE VIEW. (
WORLD ECONOMIC DEPRESSION,
(Per British Official Wireless.)
■RUGBY, September 19
The latest League of Nations reviews on “World , Production and Prices” states : There are encouraging signs that *h e low point of the world•economic depression was passed about the middle of 1932, .and that, in spite of the .partial setback in some countries in the first quarter of 1933,. industrial production, in general, is .showing an upward tendency. The review, which carefully analyses the features of 'industrial depression since 1929,- says • The volume of world trade, -as a, whole, fell between that year and 1933 by about 27 pe r cent. .'•■•■Referring to individual industries, the review states: “The decline in the automobile industry was more severe dn North America than in Europe/ which increased its share in world production from 11 per cent, in 1929 t, 0 27 pe r cent, in 1932.” It adds: “Britain has replaced France as the leading European producer, and in 1932 attained a record output.”
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Hokitika Guardian, 20 September 1933, Page 6
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170WORST IS OVER Hokitika Guardian, 20 September 1933, Page 6
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