BIG COTTON-WORKS
PLAN FOR AUSTRALIA PROPOSAL NOT RECOMMENDED (United P.A.—By Telegraph — Copyright) (Australian Press Association.) Reed. Noon. LONDON, Monday. Air. R. P. Lawson, of Manchester, has returned f.rom Australia, where ho investigated the possibility of starting a large cotton-spinning and dyeing works, entailing an expenditure of £500,000 of British capital and the employment of 1,000 workers. Interviewed, he said he could not at present advise his co-directors to embark on the undertaking, as there was no prospect of a reasonable return, owing to three big obstacles, namely, tariff, varying conditions and a small demand. He estimated that the present local demand was approximately between. £2,000,000 and £3,000,000, whereas it would not pay to start operations with less than a £6,000,000 demand.
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Bibliographic details
Sun (Auckland), Volume II, Issue 348, 8 May 1928, Page 12
Word Count
121BIG COTTON-WORKS Sun (Auckland), Volume II, Issue 348, 8 May 1928, Page 12
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