NEW FACTORIES IN LONDON

Auckland Star, Volume LXIII, Issue 234, 3 October 1932, Page 5

NEW FACTORIES IN LONDON

FOREIGN FIRMS BUILDING. OUTCOME OF NEW TARIFFS. The fact that foreign concerns had already started to build factories in England, as a direct result of the abandonment of Britain's free trade policy was mentioned by Major H. Jellicorse, of Chichester, who arrived with Mrs. Jellicorse by the Aorangi on a holiday tour of New Zealand. Foreign firms'which in the past had exported goods to England were now manufacturing them there, and there was a notable growth of factories on the outskirts of London, said the visitor. French, American, German and Dutch manufacturers had shown great activity. It was one way in which the change in the fiscal policy was likely to benefit the country, for it would help to reduce unemployment. The Ottawa Conference, said Major Jellicorse, had given the Empire a weapon which could be effectively used to improve world economic conditions. Britain could now negotiate with other countries on the basis of tariff adjustments, and the natural results would be that all high tariff walls would ultimately be brought to a level at which the nations of the world would be able to trade together without being hampered by excessive commodity taxation. With Great Britain as a dumping ground for the surplus production of almost every country, this would have been impossible. There was no likelihood of a crisis being created by the recent secession of Liberals from the National Government. It had cleared the air and would strengthen rather than weaken the Government.