BRIGHT OUTLOOK.

Auckland Star, Volume LIX, Issue 223, 20 September 1928, Page 7

BRIGHT OUTLOOK.

Optimistic Industrial Review. WORLD CONDITIONS. ! (British Official Wireless.) RUGBY, September 19. The lastest monthly review issued by the Westminster Bank, one of the great banking corporations of Britain, anticipates increasing industrial prosperity in the autumn. It says there is now a prospect of an improvement in the coal industry, that the iron and steel trades are doing better and that shipbuilding and shipping prospects are more satisfactory. The review states: "The general indications of trade prospects are as a whole favourable. The world's harvests of foodstuffs and raw material are on a bountiful scale. America has recovered from the depression in trade activity experienced in recent months. Europe is threatened by no wave of economic depression. "At the other side of the world the outlook for a period of political peace and economic reconstruction is reasonably bright. At home the rank and file of the trades unionists have given their emphatic endorsement to a policy of constructive and co-operative solution of the problems common to capital and labour." The review also mentions that agriculture in Britain has experienced one of the most successful seasons in its recent history.