BRITAIN'S TRADE PROSPECTS.
The "Daily Herald" lias announced that if pressure can be brought to bear upon the employers who threaten to reduce wages in the cotton industry, it will reccivc"full public support." No doubt in some ways a "lock-out" would be as disastrous as a strike, and if the men are simply starved into submission, the prospects of industrial peace at Home will be gloomy indeed. It must be remembered also that the woollen industry is in grave difficulties, and that only the hope of "safeguarding" has encouraged the employers to face the heavy competition to which they are exposed. Now that hope is gone, it is for the new Government to decide how Britain's staple textile industries are to meet their rivals successfully in either domestic or foreign markets. Under existing conditions neither the cotton nor the woollen trade can "carry on" without heavy and prolonged loss. Something may be done to adjust differences between the mill-owners and the workers by conferences on Mond-Turner lines. But it does no good to blame the capitalists solely for unemployment or low wages while our cotton and woollen producers are struggling desperately to hold their own against tremendous odds in the markets of the world.
Permanent link to this item
https://paperspast.natlib.govt.nz/newspapers/AS19290723.2.47
Bibliographic details
Auckland Star, Volume LX, Issue 172, 23 July 1929, Page 6
Word Count
204BRITAIN'S TRADE PROSPECTS. Auckland Star, Volume LX, Issue 172, 23 July 1929, Page 6
Using This Item
Stuff Ltd is the copyright owner for the Auckland Star. You can reproduce in-copyright material from this newspaper for non-commercial use under a Creative Commons BY-NC-SA 3.0 New Zealand licence. This newspaper is not available for commercial use without the consent of Stuff Ltd. For advice on reproduction of out-of-copyright material from this newspaper, please refer to the Copyright guide.
Acknowledgements
This newspaper was digitised in partnership with Auckland Libraries.