A PROUD POSITION

Rotorua Morning Post, Volume 3, Issue 662, 14 October 1933, Page 5

A PROUD POSITION

(British Official "Wireless.)

leading the world britain steadily regaining her commercial supremacy THE HIGHEST CREDIT

JKugby, UCt. 12. The President of the Board of Trade, Mr. W. Runciman, said that Britain is in the happy position of regaining bit by bit her old position of the great major trader of the world. A comparison of the figures for the first half of the past three years showed in the vast majority of cases that the United Kingdom's share of imports into foreign countries had either been steady or had increasedj and in some cases the increases had been very large. By contrast with the summer of 1931, Britain has now attained the position of being the strongest financial country in the world with the best credit. S'he had been able to place her National finances upon a foundation almost as secure as before the war. The Government was now going to do what they could for the British textile industry, and after that they would turn their attention to st'eel. Although there was now a long list of import duties in force in Britain the cost of living remained very much where it was in 1931 — an achievement without parallel in the history of modern industrial countries.