WELSH TRADE DEPRESSION.
EFFECT OF HIGH WAGES. Uy Telegraph.—Pr»s« Ann.—Copyright , v London, August 10. ■ The correspondent of The Times at Cardiff States th»t a serioiis depression hasbegun in South Wales owing to the uneconomical]? Mgh wages and the reBtrirtlon of the coil exports. The tJnited States and Belgium have started dumping steel plates, and Welsh works are unable to compete with them. Some employees are drawing '.■?s weekly. Similarly, ship-repairing i< jrofng to Antwerp and Rotterdam, v. l rrp wages are moderate and the outj.'it. fanter. Sir William Henry Beveridge, director of the London School of Economics, supprvsts the anticipators of trade depression pi il n'riw pw cent. of unemployment within three years. The inflation of red it find heavy taxation, he says, are the- riiief causes.
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Taranaki Daily News, 6 September 1920, Page 5
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127WELSH TRADE DEPRESSION. Taranaki Daily News, 6 September 1920, Page 5
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