CHEAP PRODUCTION
GREAT BRITAIN BECOMING WORLD'S CHEAPEST PRODUCER. "For the first time for several years Great Britain is now in many .lines of production the cheapest producer in the world," writes Mr. J. M. Keynes in the Yale Review. "The working off of old contracts, the anticipation of tariffs, and the desperate hut temporary efforts of competitors, especially in Germany, have rendered the current statistics of trade no satisfactory guide to what is in prospect. "Our British textile industries are producing 25 to 30 per cent. more than they were, our tinplate trade is almost flourishing. Our motor industry is in a position to get what export trade there is. Our heavy industries are likely to improve within a few months. Our mercantile marine is now losing much less money than any of its competitors, which probably means that it will gradually secure a larger proportion of the available trade. "I am hopeful, therefore, that the adverse balanee on income account may be reduced to the* dimensions of £50,000,000 or less a year in place of £100,000,000 or more.
Permanent link to this item
https://paperspast.natlib.govt.nz/newspapers/RMPOST19320714.2.58
Bibliographic details
Rotorua Morning Post, Volume 2, Issue 274, 14 July 1932, Page 6
Word Count
179CHEAP PRODUCTION Rotorua Morning Post, Volume 2, Issue 274, 14 July 1932, Page 6
Using This Item
NZME is the copyright owner for the Rotorua Morning Post. You can reproduce in-copyright material from this newspaper for non-commercial use under a Creative Commons Attribution-NonCommercial-ShareAlike 4.0 International licence (CC BY-NC-SA 4.0). This newspaper is not available for commercial use without the consent of NZME. For advice on reproduction of out-of-copyright material from this newspaper, please refer to the Copyright guide.
Log in