NUMBERS AND PERCENTAGES UNEMPLOYED. 
BOOTS, SHOES, SLIPPERS AND CLOGS. 
(Ministry of Labour Statistics.) 
Monthly Averace. 
9217 
1928 
£929 oo” 
[930 :— 
January 
February 
March ... 
April ... 
May ... 
June ... 
July .. 
August 
September 
October... 
Total Unemployed. 
12,151 
17,710 
17.741 
16,625 
16,221 
18,561 
23,732 
18,813 
22,970 
24,576 
22,923 
23,153 
21.938 
Percentage. 
8-8 
13-2 
13-1 
12-3 
12-0 
13-7 
17:5 
13-9 
16-9 
18-1 
16-9 
17-0 
1A 
LUXURY TRADES. 
Attention is sometimes directed to an apparent contradiction 
between the evidence of general industrial depression and the 
comparative prosperity in certain luxury trades. 
There is no real contradiction. When taxation is high or 
when, for any other reasons, people previously accustomed to save 
such money as they could, find those savings taken from them, or 
the sum saved insufficient to encourage its investment, the impulse 
to save is lessened or goes altogether. They spend the money 
instead on what they would previously have considered extrava- 
gance. 
At no time in its history was Berlin the scene of such apparently 
reckless extravagance, such crazy expenditure upon any and every 
kind of luxury, as when the value of the currency was dropping 
by thousands to the £ every hour. 
High taxation has to some extent the same effect as rapid fall 
of the value of money, more especially when the only apparent 
certainty 1s that taxation will increase and not decrease. 
Certain apparent exceptions therefore to the general depression 
may be for the time being in some degree due to these causes.