GOOD TRADE PROSPECTS

Sun (Auckland), Volume III, Issue 779, 27 September 1929, Page 10

GOOD TRADE PROSPECTS

BRITISH COMMISSIONER IS OPTIMISTIC EXPORTS INCREASING Press A s aociai io/i ■WELLINGTON, Thursday. Mr. I- A. Paish, recently appointed British Trade Commissioner, was the guest of the Wellington Chamber of Commerce at luncheon today. In regard to trade since the war, he said there had been a very definite movement in what might be called the centre of gravity of the export trade of the world. Before the war, possibly one-half of the world trade emanated from Europe. Today about one-third was the figure. It was only to be expected, therefore, that there should be some diminution in Britain's volume from the pre-war state of affairs. Most trades were now working from 1924 as the datum year, and in the last five years British exports had increased by S per cent. If they confined themselves to British manufactured goods, the figure was over 10 per cent. She had actually 7 per cent, more people employed than in 1924. After discussing particular industries, he said he did not feel at all pessimistic about the prospects of the Homeland. With the increasing wealth and the development of the Empire, there was every reason to expect an increase and a development of interim perial trade.