THE METAL MARKET.
RAMIFICATIONS OF. GERMAN INTERESTS.
LONDON, August 1. Tlio Morton's Company is included in the War Office and Admiralty lists of accredited contractors, but^it is impossible to obtain an official statement regarding their contractual relations, or if any of the Baers is a principal partner in Morton's, of London.
A naturalised German admits that. there are German -shareholders in the firm, and declares that it has offered to free the Australian contractors of tlieir ■ current obligations until sixmonths after the declaration of peace. He affirms that the Federal prohibition against Australians trading with any company having German shareholders shuts' Australia, out of the markets of the .world, because every company [everywhere has German shareholders, [and he alleges that there are more Broken Hill and Mount Morgan shareholders in Germany than in Britain. Ho ridicules the idea of establishing a' rnetol exchange in Australia on the ground that it could not find consumers except through partly Germanised sources. He insists that it is impracticable to create the industry in England, because the skilled labour is not available, while capital will not, take the risks, since, after the war the Gorman and Belgian works will be able to produce metals more cheaply.
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Bibliographic details
Ashburton Guardian, Volume XXXV, Issue 8207, 3 August 1915, Page 6
Word Count
202THE METAL MARKET. Ashburton Guardian, Volume XXXV, Issue 8207, 3 August 1915, Page 6
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