TRADE OUTLOOK.

Auckland Star, Volume LXIV, Issue 259, 2 November 1933, Page 7

TRADE OUTLOOK.

BRITAIN'S CHANCES.

Feet Now Firmly on the Road To Recovery.

UNIQUE OPPORTUNITIES,

(United P.A.—Electric Telegraph—Copyright)

(Received 12.30 p.m.) LONDON, November 1. Lord Melchett, speaking at a luncheon of the Cast-Iron Research Association, said that Britain had not possessed such an opportunity for industrial progress and expansion since 1930. "Our chief competitors," he said, "are in nothing like such a relatively strong position as they were five years ago. Britain now has a better chance than ever of outstripping her competitors in the world markets." The trade paper of the Federation of British Industries, in a forecast of the last quarter of 1933, says: "Despite many unfavourable factors still operating in the international field, particularly the recent setback to the United States, it is possible to view the future with optimism. The world may be said to have planted its feet so firmly on the road to recovery that it will take something more drastic than transitory events like the instability of the French franc and the American dollar to divert it from its course. Even if there is some modification of the gold standard and a further appreciable flight from the dollar, there is no reason why we should not be able to retain control of the domestic situation. The same is true of many other countries."