BRIGHTER PROSPECTS
FOR BRITISH INDUSTRY
SHIPYARDS BUSY
LONDON, 3rd February. Leading industrialists contributing to the trade supplement of "Tho Times" agree, that the prospects in tho engineering and allied industries are brighter than for many months past. It is expected that ;he new tonnage to be begun in British shipyards during tho March quarter will exceed the entire aggregate for 1932. Sir George Hunter, a proninent Tyne shipbuilder, considers that shipping' will be able to hold its own if unfair foreign prohibitions and restrictions are removed. Otherwise, the industry will be faced with virtual extinction. Tho Government, he says, must negotiate with foreigners, and if that fails, must subsidise British shipping. Sir Alfred Herbert, president of the Machine Tool Association, reveals the fact that. Russia for some years has been the only foreign buyer of British tools, and states that unless a new Anglo-Russian trade agreement is negotiated the industry will be faced with stagnation. Lieutenant-Colonel lonidos, vicechairman of Armstrong-Wlmworth, Limited, calls attention to the progress made in British wireless turnover, which suddenly has swollen to £30,000,000 a year, and equals twothirds that of shipbuilding in normal times.
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https://paperspast.natlib.govt.nz/newspapers/EP19330214.2.62
Bibliographic details
Evening Post, Volume CXV, Issue 37, 14 February 1933, Page 7
Word Count
188BRIGHTER PROSPECTS Evening Post, Volume CXV, Issue 37, 14 February 1933, Page 7
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