| OCR Text |
Show BRITAIN BOASTS OF WIDESPREAD TRADE REVIVAL LONDON' (HP) The industrial rcviva. predicted by the British government Jive yeacs ago has arrived. ar-rived. Britain today is producing more, earning more, spending more, and saving more. "The producton of iron and steel goods during the last quarter was a record,'' says the Board of Trade, "and that of textiles the highest since, the first quarter of 1928. The output of coal was the highest since the March quarter of 1930." In the manufacturing industries as a whole, the index figure of production was 9.5 per cent higher than a year ago. So-called luxury industries, as well as the basic trades connected with food, shelter, shel-ter, and clothing, also share in the improvement. Apart from the extra wages involved in-volved in increased employment, actual wage scales have increased since the beginning of the year by an annual rate of $60,000,000. While people are spending more as the increased output of industry in-dustry indicates they are also saving more. Deposits in the post office and trustee savings banks are increasing. Savings in the building societies are going up at the rate of $125,000,000 a year. |
