BRITAIN'S INDUSTRY
(British Offloial Wireleu.)
' Great General Activity
RUGBY, Nov.' 29. Lord Horne, speaking at EdinbUrgh on the industrial outlook, said .that the result of the recent wage increase aatur&lly meant increased spending * power. Saies in retail shops had reath.ad a record. The great Stable industrios were experieneing a very considerable advance and about 50 new factories had been established in SCotland in the past two or thfee yCars. Ihe programme of re-armament had had a considerable effect, but had not ye't . got into its stride. lndustry had benefited more from bettering tendehciCs in the world during the past two years than from the programme of re-arma-ment. Referring to 'the policy of postponing expenditure when, possible for a period When industry was less aetive generally, he sa^d the Great Western Railway Company, of which he was chairman, had adopted this course in regard to the expenditure of milliOns pf pounds. He saw no reason to believe that the peak of industry in Scotlahd had been reached*
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Bibliographic details
Hawke's Bay Herald-Tribune, Volume 81, Issue 58, 1 December 1937, Page 7
Word Count
166BRITAIN'S INDUSTRY Hawke's Bay Herald-Tribune, Volume 81, Issue 58, 1 December 1937, Page 7
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