BRITISH INDUSTRY

Dominion, Volume 13, Issue 245, 10 July 1920, Page 7

BRITISH INDUSTRY

■■•■'• ;■■■" ——»— —— ■■. .. , DISASTROUS EFFECTS OF WAR ON OVERSEAS TRADE EXPANSION SINCE THE ARMISTICE . . ... "-(■■■'.. •'"" "' 'ByTeleffraph-Presa ABSoolatlon-OojiyriEht (Reo, .July 9, 8-p.m.) London,- July B.' .'.Mr..P. G. Kellaway, representing the Overseas Trade .Department, in address-ing-a representative; assemblage. of British exporters, eaid that without her great'. overseas trade Britain could neither clothe nor feed her people.- The ' effect of- the war on the overseas trade had .been revolutionary- and disastrous. It was only by the restoration of sueli trade that Britain could hope to resume •her position in the world. While he did not uhder-estimate the part America nnd Japan had played in the war, he said that those countries had. been able to secure markets which once were the monopoly of Britain. However, 'since the armistice the progress made by Bri■tish industry 'was such that they might •'- be proud of.' Inthe first five months of this year our exports were within-20 per cent, of the value of the exports "in 1913, and the percentage to 'Europe expanded from 33 to 48,. but there had been a reduction in the exports to the countries outside Europe. They.'looked' with' : hope towards :the Empire markets! He urged exporters to 'use -their Resources to satisfy the Imperial markets. Sir : Thomas Mackenzie said: the experience of; the past showed that the Americans'were'more adaptable in conforming to'tho wishes of' colonial cud;'lomers than British manufacturers., He .'hoped to' see a larger measure of preferential' treatment . evolved—Aus.-N.Z. Cable .Assn.-' ■ • -\ • ••