BRITISH INDUSTRIES
FAR-REACHING ADJUSTMENTS ESSENTIAL CALI FOR TEAM WORK Press Association —By Telegraph —Copyright. LONDON', December IM. Thu prospects, measured by the hopes of a year ago, for 1929 are disappointing, according to Mr 'Ebbisham, president of the Federation' of Industries. There have not been any gains during the year, but nevertheless there have not been losses. This is the quietest year since.'-the Armistice. M orld conditions are more settled, and disputes in Britain are notably absent. There has been a material shrinkage in the adverse trade balance, and the regeneration and reorganisation of industry have been undertaken, which should provide a basis for substantial results in 1929, Lieutenant-colonel Hitchins, ol Cammeil, Laird, is despondent, and does not see signs of a marked revival in steel. .Orders are scarce and prices keenly cut. The chief hope lies in the recent important steps to reorganise the industry, and far-reaching adjustments are inevitable. Shipbuilding is similarly depressed, and there is no sign of a solution. The capacity of the British yards exceeds the demand, and there is no indication that the demand will be sufficiently expanding. Mr Ben Tillett believes that if Britain presents a muted front she can compete with America, France, or Germany, or all combined. The present peace conference between the employers and the trade unions constitutes a genuine gesture, and is capable of working wonderful changes lor the country’s good and the betterment of trade. Labour must be prepared to shoulder the increased responsibility which arises from a bigger share in industry. Labour is willing to co-operate under fair conditions, but there must be more trust and less suspicion. Good team work can produce the progress that everybody desires.—Australian Press Association.
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Evening Star, Issue 20058, 26 December 1928, Page 4
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283BRITISH INDUSTRIES Evening Star, Issue 20058, 26 December 1928, Page 4
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