ZINC INDUSTRY
VISCOUNT HORNE ON TRADE OUTLOOK PROFIT FROM REARMAMENT DENIED. DIFFICULTIES OF AGREEMENT WITH AMERICA. By Telegraph. —Press Association, Copyright. (Recd This Day, 9.55 a.m.) LONDON, June 22. Viscount Horne, presiding at the annual meeting of the Zinc Corporation, said the mine output and the mill recoveries in 1937 were a record for the company, but while prices then were satisfactory it was now a different story. Reasonable co-operation from producers and an overdue expansion of consumer demand should, however, quickly result in better prices for the metal. They were criticised last year for profiteering from rearmament, but experience had proved that the interference with normal trade that rearmament caused had a serious adverse effect on consumption. Nobody at present was inclined to embark on any new enterprises, or even to continue courageously to bear the risks of those already launched. Continuancy of the political conflict with United States industry would tend to eliminate all prospect of an Anglo-American agreement of any importance and threaten even the much advertised currency arrangements.
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Wairarapa Times-Age, 23 June 1938, Page 7
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172ZINC INDUSTRY Wairarapa Times-Age, 23 June 1938, Page 7
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