British Trade Revival Will Continue

Manawatu Times, Volume 62, Issue 24, 29 January 1937, Page 6

British Trade Revival Will Continue

UNLESS THERE ARE INTERNATIONAL COMPLICATIONS \British Official Wireless.) Received Thursday, 9 p.m. RUGBY, Jan. 27. The annual meetings of shareholders in the leading banks held at this time of the year provide on opportunity for leading bankers to review the current trend of finance and commerce. So far there seems to be general agreement among them that the present domestic trade revival has come to stay and is indeed likely to make further progress. This view is shared also by the chairman of tho Midland Bank, Mr. Reginald McKenna. Apart from international politics Mr. McKenna had no difficulty in discovering many causes for anticipating a continuation of trade activity unhampered by any restrictions in the shape of high money, rates. ADVANCES IN FJBTAIL TRADE (British Official Wireless.) Received Thursday, 9.20 p.m. RUGBY, Jan. 27. The money value of retail trade sales reported for December was 5 per cent, higher in 1936 than in 3935. All districts shared in the advances. The sales of food and perishables were 7.2 per cent, greater, while those of other characters rose by 4.9 per cent. For the 11 months February to December, 193 G, an increase of 6.2 per cent, is shown in the total sales as compared with the corresponding period ot 1935.