RECOVERY SIGNS

Hokitika Guardian, 16 August 1933, Page 5

RECOVERY SIGNS

BRITAIN AND THE DEPRESSION

VARIOUS INDUSTRIAL REPORTS

(United Presß Association—By Electrio Telegraph—Copyright)

LONDON, August 15

Indications of Britain emerging from her depression were shown in reports collected by the “Daily Telegraph,” from various centres. For instance, Bradford wool textile industry has been busier than it had been in July for six years. Some of the biggest firms have orders exceeding December. Many combing factories’ are running night and day. Spinners and manufacturers are well booked with orders.

1 As Sheffield several big plants In the steel trade are. working overtime, and others are full capacity. The total of unemployed have fallen ten [ thousand in the past year in Lancashire. A fine summer has given the manufacturers of artificial silk and light cotton materials their best season for years. , •

I There are signs of improvement, in the engineering, steel and coal trades, while Tyneside is showing increased activity in shipbuilding, and iron and steel trades in South Wales are. showing signs that their worst depression is over; the production of pig iron having increased for the year by sixty per cent., and of steel even more. At London the number of. ships using the port has increased by over seventeen per cent compared to a year ago, ansi unemployment has .fallen.