INDUSTRIAL OUTLOOK IN BRITAIN

Dominion, Volume 12, Issue 266, 6 August 1919, Page 10

INDUSTRIAL OUTLOOK IN BRITAIN

REVIEWED BS , ME, MASSEY. By TeloirraDh.—Preen Aieoclatlon. Auckland, August 5. Affirmation by Britain of tho principlo of Imperial preference is regarded by tho Prime Minister as being a great feature of tho new tariff proposals, Apart from tho establishment of this '.principle, tho proposals aro not specially significant as regards tho Dominion sinw iho articles affected are not items in New Zealand's export trade. No common policy on the subject has been determined. Each Dominion, a 9 well ne the Mother Country, is left to determine its own tariff policy in its own way. At the lime when tho delegates left tor home the industrial outlook in Britain wns serious, unrest and tlio difficulties of reconstruction bring the contributing factors. It was considered, nevertheless, that signs of improvement were already being manifested, and hope was entertained that progress towards better conditions would contimie. A (jeucral return to stability of conditions was, hoped for, as. tho unsettling effects of the long yearn of wnr passed away. Industries supplying material for public works in. New Zealand, Mr. Massey staled, were to their normal function* after having devoted practically all their energy and resources to the production of munitions. Somo time must elapse, however, beforo they would bo prodiiciii" anything liko their pie-war output. In fact, it would 'be two. years, in Imb opinion, beforo they wore producing on tho same scale, and at tho same rate as boforo tho war. This applied to practically all industries to whicJi wo wero accustomed to look for our supplies for the purposes mentioued,