§ Mr. Craven-Ellisasked the President of the Board of Trade whether he will give the total volume of industrial production in this country at the peak period for the years 1923, 1929, 1934, 1937, and 1938?
§ Mr. StanleyThe volume of industrial production is normally greatest in the fourth quarter. The index numbers for that quarter, based on the year 1930 equals 100, as calculated by the Board of Trade, are 1929, 110.5; 1934, 112.0; 1937, 136.4; and 1938, 126.3. In 1938, however, the index for the first quarter (132.1) was higher than that for the fourth quarter. The index was not calculated prior to 1927 and that for 1929 is not precisely comparable with those of later years.