British Prosperity Leans Hard on U.S.
LONDON —The importance to Britain of prosperity overseas and particularly in the United states is emphasized in the current issue of the Monthly Review of Barclay’s Bank, Limited, one of the United Kingdom's “big five” banking institutions. “In the industrial decline experienced in the United Kingdom during the current year, the contraction of markets overseas,” the Bank says, “has played a major part, while the home market, which was so largely responsible for this country's rise to prosperity after 1932, has provided our main defence against, the effects of the deterioration in world economic conditions.” There are certain favourable features in the present situation, the bank agrees, but it qualifies this with a word of warning. “It. is impossible,” it. says, “to ignore the disturbed state of international political conditions which continues to obscure the outlook. In the absence of a definite improvement ir. this direction, the creation of that atmosnherp. nf confidrnep.
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Wanganui Chronicle, Volume 83, Issue 34, 10 February 1939, Page 5
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159British Prosperity Leans Hard on U.S. Wanganui Chronicle, Volume 83, Issue 34, 10 February 1939, Page 5
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