EMPIRE’S IRON ORE.
Neglect of the Empire’s resources in iron ore and reliance upon foreign supplies are condemned by a leading London financial journal. While British steelworks suffer from a shortage Japanese producers have secured valuable ore supplies from Australia, Malaya and New Zealand, says the Financial News, and have gained virtual control of some ore districts.
Germany, it adds, recently bought additional quantities of ore from Newfoundland. In view of the scarcity, and sometimes insecurity, of iron ore supplies from foreign countries, the insignificant part played by Empire ores in British trade is surprising, the journal adds. There is little sign of the problem being attacked on methodical lines. Almost half of Britain’s pig iron is derived from foreign ores. Imports from Spain and Spanish Morocco declined from 31 per cent, of the total imports in 1935 to 23 per cent, in 1936. Recently, they have become still more restricted. j> The newspaper asserts that the advance of Japan in China a.nd elsewhere in the Far East and the annexation of Abyssinia are not altogether unconnected with the shortage of iron ore in Japan and Ttalv.
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Bibliographic details
Manawatu Standard, Volume LVII, Issue 213, 9 August 1937, Page 8
Word Count
187EMPIRE’S IRON ORE. Manawatu Standard, Volume LVII, Issue 213, 9 August 1937, Page 8
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