NO COAL— UNEMPLOYMENT
(Special Correspondent.)
Trying Winter Forecast
PROSPECTS IN BRITAIN •
Received Friday, 7 p.m. LONbON, Aug. 2. "I have good reason for saving there is no hope of any substantial inerease in our coal output or any prospects of a reduction in the price until 1950," said Lord McGowan, chairman of Iniperial Chemical Industries, when addressing Liverpool shipowners. "In all probability this countrv will be millions of tons short of the target figure in April 1947, and the coming winter will be a very trying one," he added. "It is inevitable that many industries in Britain will suft'er from the want of fuel and because of that there must be increased unemployment. ' ' Lord AIcGowan added that, although he thought there might be something to be said for the nationalisation of the British coal industry, lie thought thai when the Government considered taking over industries with an export trade such as iron and steel, it was doinji something which might have dangerous consequenees.
" Acceptance of risks is the essencc of success and if in the past Britisl manufacturers had not taken them, ou. countrv would never* have obtained iG ])resent position in the trade ot' tln world. ' '
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Bibliographic details
Chronicle (Levin), 3 August 1946, Page 5
Word Count
197NO COAL— UNEMPLOYMENT Chronicle (Levin), 3 August 1946, Page 5
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