It is the fashion here to lament over our trade
prospects. But the Guaranty Trust Company of New York, which maintains a world-wide intelligence service for the benefit of American commerce, takes a very different view. In its circular of January loth it notes the steady rise of the pound sterling as measured in dollars, and remarks that
" Great Britain, despite the numerous internal problems of finance and industry which she must courageously face and work out, may well enter the New Year inspired by the progress shown during the last twelve months towards the recover) of her foreign trade."
American experts, unlike some British journalists, do not thinis that our merchante are all asleep. We are told, on the contrary,: that
" Great Britain has in no sense let up in her campaign to cement her foreignconnexions during the time when it has been impossible to fill orders, and to plan with increased vigour and determination to make British-made products more widely known over the world than ever before."
British competition—as viewed by dispassionate Americans— appears to be guided by " far-sighted policy."
Previous page
