1937-07-01 — Page 5

THE CHINA MAIL, JULY 1, 1987.

BRITISH TRADER REVIVALORATS STILL HAST TO

WATA2

REACH ITS PEAK30 33

able leeway.

British industry continues its three years, and I think that the steady revival, There are no signs export: position contains consider of any setback calculated to suggest that, having approached a peak, trade figures will takes a downward turn.

-

"Countries with no steel supplies, of their own are putting down new plants and there is every, possibility This is the summary of views that the next figures showing the ́given by a number of leading in- excess of exported steel over im- dustrialists and authorities. They ported may be double or treble the were asked

Whether, in their opinion, a peak had yet been reached, and

Whether the present period of prosperity showed any signs of be ing followed by a slump.

Their replies were:"

Sir Geoffrey Clarke, President, of the Associated Chambers of Com merce of Great Britain:

“A boom in industry has a dan gerous signification, as it generally presupposes a form of merely tem porary prosperity.

last.

LARGE UNITS MEAN ECONOMY

that while the number of furnaces "Another favourable feature is

has decreased the size of the aver- age productive unit has i

increased enormously. Any further -recession of trade will therefore strike indi- vidual plants less heavily, as the

operated more economically. larger units can, if necessary, be

“Greater confidence in the indus- ry has come from the successful operation of the International Car- tel Pact.

OVERSEAS RECOVERY "Undoubtedly British industry is, "Broadly speaking, there is every on the whole, very prosperous at reason to expect home consumption the moment, and its prosperity is to rise for another two or three the Govern years, and that any recession which

ment

rearmament

not altogether due to programme. may follow will be considerably less Many an industrialist would prefer serious than slumps in the past to be allowed to carry on with his owing to planning which has been normal orders and not run the risk carried out during the present pro- of losing valuable clients.

"Regarding"" the

sperity."

look at the position re, we must An official of the Mining Associá-|

the British tion of Great Britain: Dominions and Colonies. - They are "As far as the export market is now in a fair way to recovery, and concerned, the upward movement is in a few years should be in a post continuing steadily. The only check tion to increase their trade with to home consumption is seasonal in Great Britain to a great extent! character and is to be expected.”

rea

"I cannot, therefore, see an son for a slump occurring after the present rearmament pro- gramme is completed. In fact, if we do not neglect our export trade in the meanwhile, the

general trade if the country should go improving."

Mr. S. R. Beale, Chairman, Keen and Nettlefolds Ltd.:

“I

Guest,

BACHELORS' TAX TO REWARD

"I should have thought that the MOTHERS

present state of most order books,

coupled with a probable ingr

સ્વ

the rate of Government orders,

must prohibit any market early duction of trade attivity:

Women child welfare experts put their heads together in two parts of Britain--at a conference at B

“It would be satural if there werkgh Medical Association Hou less demand for private factory London, and at the Women' building, because so much has been operative Guild Congress, at done in that direction, prices have risen considerably' and builders have been occupied with Government or- ders."

HOME DEMAND FOR STEEL A leading authority on the

and steel industry:

Y

Brighton, Lancs.

They came to two conclusions Mother-love la going up in

· Mothers should be rewarded – their services in bringing u ren, from a tax on bachel In London, Dr. Stella

"The demand for stent caused by said:-

the rearmaments programme cannot. It ia a gTOR relief be exactly measured, but it does not to know t represent m than 10 per cent, is going up

of the general consumption. It is be shown probable that the demand for steel to the

for the construction of téhadow fac-je tories is very near the peak, after which there may be an abrupt

ing off in this particul

“But thegarminent legend is percentage of arfar

WALE

At

of Sheer

should vices -

total that

consumption than was the case dur- should

ing the

nnual consump- sary

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